Mousey
Member of DD Central
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Post by Mousey on Nov 29, 2023 15:48:29 GMT
The peer-to-peer lending firm FundingSecure was ordered to refund an investor after making findings of misrepresentation and unfairness --- But the platform entered administration before the investor could be compensated and the decision notice published. Read more |
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adrian77
Member of DD Central
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Post by adrian77 on Nov 30, 2023 10:36:21 GMT
wht a fascinating post - the FCA seem even more useless and incompetent whist FS more dishonest than I thought
and that is no mean achievement!
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Post by lostinspace on Nov 30, 2023 10:37:58 GMT
Would the FCA have been notified that this complaint was submitted and awarded?
Should they have withdrawn there approval of Funding Secure at this time. Which would have prevented many people investing further in this.
As said numerous times I only invested because of the FCA approval and it looking official being within an ISA.
I keep thinking of that pension scam advert where they are jet skiing in the Mediterranean with our money
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Post by beepbeepimajeep on Dec 7, 2023 18:07:56 GMT
Another excellent article Mousey.
Funnily enough, around the same time I saw a different investor post on this forum that they had complained about another one of the most infamous Funding Secure loans. My memory of that post is a similar result. They had been found in favour of and compensation required. It was not long later FS entered administration.
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