Britain to legislate soon to pay London Capital & Finance investors By Reuters
By Huw Jones LONDON (Reuters) -Britain will legislate shortly to compensate investors who lost money in the collapse of investment firm London Capital & Finance, its financial services minister said on Wednesday. The finance ministry said in April it will pay about 120 million pounds to compensate about 8,800 investors after LCF collapsed in 2019. The collapse left 11,600 investors facing losses of up to 237 million pounds. "We will be bringing legislation forward imminently to get those payouts made," John Glen told a parliamentary committee. Although LCF was regulated by the Financial Conduct Authority, the...
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