Has there been a previous example of a similar situation?

Apologies if this has been asked before (and if it hasnt then Im surprised): Has there ever been an example before where a company has appeard on FCA's (obviously woefully inaccurate and never to be trusted again) register which has then turned out to NOT be FCA regulated? If so, did the FCA compensate consumers that were caught up in the shambles?



Also, what does FCA stand for? Ive just googled it and apparently it stands for Financial Conduct Authority. However, with the high profile demise of atleast 4 companies on its register of recent, I could think of 3 more apt words what "FCA" could stand for.



Without wanting to lay it on thick - what a bunch of FCAs the P2P platforms, bag borrowers and the regulator itself has turned out to be. I do hope karma gets each and EVERY one of them.