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8% ISA with London Capital and Finance PLC
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They're making a list*, they're checking it twiceverybigchris wrote: »Santa's real and he works for the FCA
They're gonna find out who's naughty or nice
The FCA is coming to town....
* https://www.fca.org.uk/scamsmart/warning-list0 -
About time really!I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Excellent news!Total - £340.00
wins : £7.50 Virgin Vouchers, Nikon Coolpixs S550 x 2, I-Tunes Vouchers, £5 Esprit Voucher, Big Snap 2 (x2), Alaska Seafood book0 -
perhaps they've hired a new enforcement officer ...verybigchris wrote: »Santa's real and he works for the FCA
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I did find another version of the site that has not yet been taken down.
https://lcaf.co.uk/about-us#
Curiously 2 of the people listed as working for them including their Head of Risk do not show LCF as their employer on Linked In and appear to have worked long term for other companies. I wonder why?Remember the saying: if it looks too good to be true it almost certainly is.0 -
They're making a list*, they're checking it twice
They're gonna find out who's naughty or nice
The FCA is coming to town....
* https://www.fca.org.uk/scamsmart/warning-list
They're gonna find out who's naughty or nice*
* https://www.fca.org.uk/firms/approved-persons/fitness-propriety0 -
Great news.
Next up, a full FCA investigation into whether London Capital & Finance has documentary evidence that all of its investors qualify under the high-net-worth or sophisticated criteria, as required by COBS 4.12.9 onwards.
Ok, now I'm just being greedy.
lcaf.co.uk appears to be a site for advisers and borrowers and is therefore potentially exempt from the FCA's order, as it doesn't appear to contain any investor-facing marketing materials.0 -
That link is now returning a page saying "Sorry, it looks like that page is unavailable. Please head back to the home page and try again."
Various buttons on the home page end up with the same message. Except for me the 'News' link goes to a blank page. Could it be a case of "no news" being "good news"?"In the future, everyone will be rich for 15 minutes"0 -
If you visit their website now it comes up saying "The Financial Conduct Authority has directed London Capital & Finance plc to withdraw all of its existing marketing materials in relation to LCF`s Fixed Rate ISA and Bond." so you can no longer invest with them.0
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This looks weird. It looks like an Express news article but it is "sponsored".
https://www.express.co.uk/sponsoredfeatures/finance/personalfinance/1048458/Are-these-fixed-rate-bonds-paying-9-9-a-year-too-good-to-be-true0
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