UK High Court wounds up Magna Group mini-bond companies
The Magna Group mini-bond companies are responsible for mis-selling of over £20 million of loan notes.
The Magna Group mini-bond companies are responsible for mis-selling of over £20 million of loan notes.
The UK government plans to bring the issuance of non-transferable debt securities (mini-bonds) within the scope of financial services regulation.
The FCA has confirmed proposals to permanently ban the mass-marketing of speculative illiquid securities – including speculative mini-bonds – to retail investors.
The UK Financial Services Compensation Scheme (FSCS) has completed its investigation into B&G Finance Ltd.