FCA fines PwC £15M for failing to alert regulator about suspected fraudulent activity at LCF
PwC encountered significant issues throughout their 2016 audit of London Capital & Finance plc (LCF).
PwC encountered significant issues throughout their 2016 audit of London Capital & Finance plc (LCF).
The FCA has fined a former director of London Capital & Finance plc (LCF) £31,800 and banned him from working in financial services.
The UK FCA has censured London Capital & Finance (LCF) for its unfair and misleading financial promotions of minibonds.
FSCS warns of fraudulent letters targeting London Capital & Finance customers.
FSCS is now preparing to close the LCF compensation scheme that it has been administering on behalf of the government.
As of June 2022, FSCS have paid compensation for 12,421 bonds under the government scheme, totalling over £115 million.
FSCS has issued a warning against scammers targeting London Capital & Finance (LCF) bondholders.
FSCS has now paid compensation for 12,330 bonds under the government scheme, totalling over £114m.
The FCA has clashed with the Complaints Commissioner over the handling of the London Capital & Finance (LCF) matter.
FSCS is still contacting London Capital & Finance (LCF) bondholders who have yet to receive compensation.