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People who invested with the now collapsed London Capital and Finance (LCF) have been told by the Financial Services Compensation Scheme that they can’t 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’s a heart breaking, sad case but says he’s simply sticking to the rules and even if they were changed, any change wouldn’t be applied retrospectively…

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