WebSome 2,000 people lost £46m when Blackmore Bond collapsed. It was claimed a marketing company had used suspect tactics to sell to ordinary people, not experienced … WebThe City watchdog was warned by the police on 45 occasions about suspicious activity at failed “mini-bond” provider Blackmore, which later collapsed costing investors £47m.. MPs and investors have demanded an inquiry into the Financial Conduct Authority’s role in Blackmore’s demise and called for a compensation scheme to be established by the …

TTF Blog: 22 March 2024 – Transparency Task Force

WebA blunder at the Financial Conduct Authority meant that the City regulator “regrettably” failed to pass all the intelligence it had gathered on Blackmore Bond to police before the firm ... historical summary report

‘Heartbreaking’ bond scandal calls FCA powers into question

WebAug 17, 2024 · Citywire New Model Adviser ’s deputy editor, Jack Gilbert, has featured in a BBC Panorama documentary exposing the Blackmore Bond scheme and how the FCA failed to act over it despite repeated warnings. The Billion-Pound Savings Scandal follows a series of whistleblowers, investors and journalists who investigated what happened to … WebJun 30, 2024 · As Members will be aware, Blackmore Bond was an unregulated firm established in 2016. Between 2016 and 2024, it issued non-transferable debt securities, otherwise known as mini-bonds, to retail investors. It raised £46 million, involving approximately 2,800 UK investors, to be used in property development projects. WebAug 17, 2024 · Citywire New Model Adviser’s deputy editor, Jack Gilbert, has featured in a BBC Panorama documentary exposing the Blackmore Bond scheme and how the Financial Conduct Authority (FCA) failed to act over it despite repeated warnings.. The Billion-Pound Savings Scandal follows a series of whistleblowers, investors and journalists who … historical subjectivity