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No compensation for Blackmore Bond victims, UK FCA says as it rejects complaints

By Phoebe Seers ( February 6, 2025, 14:32 GMT | Insight) -- Concerns around collapsed mini-bond issuer Blackmore Bond were handled appropriately, the UK's the Financial Conduct Authority has said, and so it won’t compensate victims or open a criminal probe. Closing its probe into concerns that it was too slow to act on concerns that promoters were targeting unsophisticated investors, the financial services watchdog said it had sent police information and that investors had been warned they could lose their money.Concerns around collapsed mini-bond issuer Blackmore Bond were handled appropriately, the UK financial services watchdog has said, and so it won’t compensate victims or open a criminal probe....

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