London Capital & Finance bondholders challenge UK compensation system

LONDON (Reuters) - Bondholders suffering losses from the collapse of London Capital & Finance (LCF) said on Friday they were seeking a judicial review of how their claims for compensation have been largely rejected.LCF went into administration in early 2019 with losses of up to 237 million pounds after the Financial Conduct Authority (FCA) directed the firm to withdraw promotional material for so-called “mini bonds”."We are delighted to have been able to commence this case and thank the..