The UK Financial Conduct Authority (FCA) has called for people who have invested in fraudulent peer-to-peer firm Collateral to come forward to the regulator so they can receive an apology.
If you invested in Collateral and haven’t complained yet, fill out the complaint form by 31 March 2025.
Collateral offered peer-to-peer style investments. Its directors were able to fraudulently change details about the firms’ public entry on the FCA’s interim permission register. This change made it look like the firm held interim permission from the FCA to undertake consumer credit activities, which were granted to firms who transferred from the OFT to the FCA in 2014, when it did not.
The firm applied for full authorisation…
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