LONDON (Reuters) – Britain’s finance ministry said on Thursday it has appointed former judge Elizabeth Gloster to investigate the collapse of investment firm London Capital & Finance (LCF) and how it was supervised by the Financial Conduct Authority.
LCF went into administration in January with losses of up to 237 million pounds from unregulated mini-bond investments affecting over 100,000 investors.
The ministry said in a statement it was also undertaking a wider policy review of the regulatory regime for “mini-bonds” and similar types of securities.
(Reporting by Huw Jones; Editing by Mark Potter)
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