The City watchdog has admitted that it should be investigated over failings relating to the collapse of investment firm London Capital & Finance. The City watchdog has admitted that it should be investigated over failings relating to the collapse of investment firm London Capital & Finance. LCF went into administration at the end of January after netting £236 million by advertising tax-free individual savings accounts. Economic Secretary to the Treasury, John Glen, said: “The recent stories of those affected by the collapse of LC&F are incredibly concerning. “I want to make sure we have the strongest and safest financial system possible.

Source: Irish Independent April 01, 2019 15:11 UTC