Investors who lost millions of pounds when mini-bond firm Basset & Gold failed last April are fighting for compensation for what they feel were mis-sold investments. Some 170 bondholders who invested money between February 2017 and 2018 have complained to the Financial Ombudsman after claiming they were fobbed off by the company supposed to check-up … Read more
Investors have demanded to know how failed mini-bond firm Basset & Gold’s potentially misleading adverts slipped the net, despite rules meaning they should have been checked. After the West Ham shirt sleeve sponsor became the latest mini-bond firm to go bust and lose 1,800 ordinary investors £36million, there is pressure on financial authorities to unpick … Read more
Investors mis-sold inflation-busting mini-bonds from an unregulated firm which went bust at the start of April could be in line for payouts of up to £85,000, the Financial Services Compensation Scheme said. Basset & Gold Plc, which sponsored West Ham United football club, raised as much as £36million from 1,800 investors between its founding in … Read more