Well we certainly hope so! Losses for investors now confirmed, as London Capital & Finance plc has failed and is now in administration.
What does this mean for YOU?
At present the FSCS is under the impression that the investors, invested, on a non-advised basis. However, should it be deemed that London Capital & Finance advised clients to invest into these mini-bonds, bondholders could be eligible for up to £50,000 each, under the industry-funded Financial Services Compensation Scheme. This comes after news that London Capital & Finance collapsed with £236m of investors’ money, instigating a criminal investigation.
Campaigners reacted by hitting the streets upon hearing the news, as stakeholders of the scandal are hoping to bring about claims leading to compensation for the aggrieved investors.
What should YOU do?
It’s time for acting, not reacting. It’s time for you to hit the phone, or the box below and get started with a free initial chat with a specialist assessor.
It’s simple, we try our best and we do this on a NO WIN, NO FEE basis. The same process we’ve used for claiming over £50million** + back.
**Figure calculated before deduction of success fees charged at 24% inclusive of VAT.