FCA issues fresh warning on high-risk investments from unregulated firms

The regulator said it was "concerned" people were being encouraged to invest in high-risk schemes offered by such companies, which "rely on exemptions in the law that take them out of [the FCA's] remit". Some of the riskier products offered to investors included unlisted loan notes and mini-bonds, the watchdog highlighted, which are often used to finance property developments via third-party firms. Such products are generally suitable for "experienced investors who feel confident in assessing the quality of the company's business and the likelihood of being repaid", the FCA explained,...