FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Regulation

FCA failed to act on warnings before mini-bond scheme collapsed: ‘Why wasn’t it stopped?’

BBC investigation shows how red flags were missed by the regulator

By Justin Cash
While Blackmore Bond was outside the 'regulatory perimiter', investors say the watchdog should still have stepped in
While Blackmore Bond was outside the 'regulatory perimiter', investors say the watchdog should still have stepped in

The Financial Conduct Authority has been criticised for failing to act when red flags were raised about an investment scheme that eventually collapsed, leaving novice investors millions out of pocket.

The FCA received several warnings about Blackmore Bond, a mini-bond scheme, according to a Panorama documentary aired by the BBC on 16 August.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade