London Capital Finance - Will I Get My Money Back?

The FCA have now announced more information about their investigation into London Capital & Finance. They have stopped the company from taking any action on their assets including bank accounts without approval as well as stopping the company from marketing any products.

Many investors are asking if this means they can get their money back or have lost any money invested with London Capital Finance. The truthful answer is that no-one knows at the moment. Many of the investment bonds were fixed term so you could not access your money until the 3 or 5 years was up. The bonds are very high risk so it is possible that they may be worthless like other mini bonds that have gone bust like Provident. However it's also possible that the FCA may give the company a clean bill of health and they continue trading. This may be unlikely as there was obviously a reason the FCA decided to act in the first place - most likely that the bonds were being offered to retail investors without clear enough risk warnings as can be seen in the advert below promoting the bonds.

London Capital Finance - Will I Get My Money Back?
London Capital Finance - Will I Get My Money Back?

https://www.fca.org.uk/news/news-stories/information-london-capital-and-finance-plc-investors

Having done some further investigation it does appear that LCF were very generous with their sponsorship of various horse racing/eventing meetings and also ran corporate hospitality at these types of event. While this is an entirely legitimate activity to carry out it does raise questions about the destination of the money that was taken from investors as it has been alleged that there was little sign of any lending activity taking place and LCF have repeatedly delayed publication of their annual accounts giving no scope to review them.



https://www.an-eventful-life.com.au/ukeurope/other-international-events/london-capital-and-finance-osborne-horse-trials

To quote South of England & Eridge Horse TrialsOnce again we are delighted to announce London Capital & Finance Plc as a major sponsor for our 2018 season. 

They will be sponsoring CIC* and Intermediate sections at this years South of England International in September as well as sponsoring both intermediate and novice sections at South of England (1) on 7th & 8th April and at Eridge Horse Trials and Country Market on 14th & 15th July

A huge thank you to Andrew Thomson and LCF who are also doing an incredible amount in the sport of eventing including title sponsorship of the new Osborne House Horse Trials on the Isle of Wight.

Pop in and see them in their hospitality area next to Show jumping at South of England(1) and have a relaxed chat about what they can do for you on your investment opportunities. 

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