Prosper Capital has entered creditors' voluntary liquidation, with the Financial Services Compensation Scheme now opening to claims relating to the activities of the firm's appointed representative, Crowd2Let Capital.
Investors linked to the firm's appointed representative Crowd2Let can now submit claims to the FSCS, although the compensation body said assessments will not begin until its investigation is complete. Alternative investment fund manager Prosper Capital, which became FCA-regulated in 2006, managed a range of property investments, enterprise investment schemes and other alternative investment funds. It also acted as principal to appointed representative Crowd2Let Capital. The Financial Conduct Authority (FCA) announced today (20 July) that Prosper Capital entered creditors' voluntary li...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
