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No compensation for LCF investors
People who invested with the now collapsed London Capital and Finance (LCF) have been told by the Financial Services Compensation Scheme that they can鈥檛 make a claim. Whilst LCF was a regulated company the actual products it was selling, mini-bonds, were unregulated. FSCS chief executive Mark Neale admits it鈥檚 a heart breaking, sad case but says he鈥檚 simply sticking to the rules and even if they were changed, any change wouldn鈥檛 be applied retrospectively鈥�
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