Wall Street

MPs call for inquiry into FCA’s handling of Blackmore Bonds scandal

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City AM

By Louis Goss The UK’s financial watchdog has been accused of failing to intervene in a risky property investment scheme that lost investors millions. MPs have called for inquiry into UK’s Financial Conduct Authority (FCA) over its handling of the Blackmore Bonds scandal, that saw thousands of ordinary investors lose combined sums of £46m. The MPs’ call comes as a documentary by BBC Panorama is tonight set to claim the FCA could have acted earlier in taking action, amid claims the watchdog may have worked to cover up evidence around the fact it failed to intervene, according to the BBC. The FC…

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