UK body to compensate very few LCF mini-bond investors
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LONDON (Reuters) - Britain's financial industry compensation body said on Thursday it can only help 159 of a total 11,600 investors holding bonds issued by defunct investment firm London Capital & Finance.LCF went into administration a year ago with losses of up to 237 million pounds after the Financial Conduct Authority (FCA) intervened to direct the firm to withdraw promotional material for so-called "mini bonds". The Financial Services Compensation Scheme (FSCS) said it will protect 159..