Latest News

British watchdog charges two brothers over collapsed peer-to-peer lender

0
© Reuters.

LONDON (Reuters) – Britain’s financial watchdog said on Friday it has begun criminal proceedings against two former directors of Collateral UK Ltd, a peer-to-peer lender that has now collapsed.

The Financial Conduct Authority said brothers Peter and Andrew Currie each face two fraud charges and one proceeds of crime charges, and are due to appear before a court in London on Jan. 26. The Curries could not immediately be reached for comment.

“The FCA alleges that the Curries, who are brothers, dishonestly represented to investors that Collateral was authorised and regulated by the FCA to operate as a peer-to-peer lender knowing this was untrue,” the FCA said in a statement.

British watchdog charges two brothers over collapsed peer-to-peer lender

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

ECB’s Lane says inflation to fall this year

Previous article

U.S. Sees Record Job Growth in 2021 After Millions Lost in 2020

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News