Submitted by Jayshiva Patel on Thursday 23rd July 2020
Published on Monday 27th July 2020
Current status: Closed
Closed: Wednesday 27th January 2021
Signatures: 1,112
Regulate mini-bonds and immediately compensate and protect investors.
The Government should immediately and fully reimburse investors who lost money on non-regulated mini-bonds which were marketed as regulated products, and protect other investors by regulating currently non-regulated products. The Government could keep the recoveries from the administrators.
Many bondholders have been completely neglected, have had no support, no means of compensation, and no oversight by the financial watchdog. This has led to many investors losing significant savings, and facing serious hardship. The Government should take immediate action to reimburse those who have already lost money, and protect those who may lose money in the future. Mini-bonds promotions were approved by the FCA.
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