London Capital Finance - FCA FSCS Shutdown?

By J Drew -
It appears that the FCA have finally taken some action against London Capital & Finance for promoting their bonds to investors that appear to be savings accounts and seriously underplay the risks involved in the investment.

London Capital Finance FCA FSCS Shutdown
London Capital Finance - FCA FSCS Shutdown?
The London Capital Finance website is now showing a message that the FCA have required them to remove all marketing material from their site. Hopefully this means that they will now need to look whether the investors of their bonds have been suitably advised of the risks involved and that they should be significant net worth investors to invest in the schemes.

On its website LCF says its products are aimed at retail clients who are UK taxpayers and who fall in the category of either High Net Worth Individual, Sophisticated, Self Certified Sophisticated or Restricted Investor.

This restriction doesn't appear on any of the London Capital Finance marketing material that is shown in the screen shots below:


London Capital Finance - FCA investigation
London Capital Finance - FCA 

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