UK financial regulator insists Blackmore Bond inaction claims are wide of the mark

By Phoebe Seers ( January 11, 2023, 12:39 GMT | Insight) -- The UK's financial markets regulator today denied being slow to act on evidence of wrongdoing related to the collapse of mini-bond issuer Blackmore Bond in April 2020, saying it took steps to ensure its financial promotions were withdrawn in March 2019. The Financial Markets Authority's disclosure to a committee of lawmakers may not appease critics who say it was given evidence as early as 2017 that a marketing company acting for Blackmore was targeting pensioners and other unsophisticated investors.The UK's financial markets regulator today denied being slow to act on evidence of wrongdoing related to the collapse of mini-bond issuer Blackmore Bond in 2020, saying it took steps to ensure its financial promotions were withdrawn a full year earlier. ...

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UK financial regulator insists Blackmore Bond inaction claims are wide of the mark

Prepare for tomorrow’s regulatory change, today

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