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FCA failed to act on warnings before mini-bond scheme collapsed: ‘Why wasn’t it stopped?’
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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 BBC Panorama documentary aired on 16 August.
The regulator "hung...
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