Has Blackmore Bonds Closed to New Investors by FCA Action?
Blackmore Bonds Website Removes all Bond marketing- Why?
UPDATE - Blackmore have now confirmed that they have reached their targets this tax year so no longer need any further funds.There has been an interesting development with Blackmore Bonds, the high risk mini bond provider that was promoted by Surge Financial in the same way as London Capital & Finance. Blackmore bonds were promoted by the websites Top ISA rates and replaced LCF bonds at the top of the lists when they were shut down by the FCA after their marketing was directed to be removed.
Blackmore Bonds Closed FCA Action? |
Recently the Blackmore website became very transparent making it clear to investors that they were paying up to 20% commission to Surge for business and that there were significant risks for investing in their bonds.
As of 23 March 2019 the Blackmore Bond website has been completely stripped back and now only shows a few details of their projects. This follows an investigation by BBC Moneybox last week where Blackmore claimed 50%+ rates of return on their projects. Blackmore Bonds have also completely disappeared from Google advertising.
With the website completely removing any mention of the sale of bonds, it begs the question - Has the FCA (Financial Conduct Authority) ordered Blackmore to remove all their marketing in the same way that they did for London Capital & Finance?
Or have Blackmore decided to pull their marketing themselves before being stopped?
Blackmore Bonds Closed FCA Action? |
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