FSCS Claims for LCF Investors

By Helpful Advice -
In news that will be welcomed by London Capital & Finance investors the FSCS have announced that claims by some investors may be accepted as they have reason to believe that advice may have been given. They have provided a questionnaire to gather more information about how many investors this may affect.

https://www.fscs.org.uk/failed-firms/lcf/

This could mean that some LCF investors get their money back up to £85k which still means that others with investments above that could lose out as well as others that didn't receive advice. However the LCF website did show that FSCS cover did not apply and that the investment involved risk of losing their money which some investors seem to have missed.




The advice element may refer to sales allegedly made by John Russell Murphy who a number of LCF investors have claimed met them to conclude sales of LCF bonds.




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