5 Questions About Britain’s Minibond Regulatory Scandal

5 Questions About Britain’s Minibond Regulatory Scandal

August 22, 2019, Law360

Ian Hargreaves is quoted in Law360 regarding the U.K.’s minibond scandal and the regulatory response. Mr. Hargreaves says, “Customers are arguing that they believed the minibonds were FCA-authorized when they were not. Consequently, their impression was that the investments were safer than they actually were.” He adds, “Essentially, the FCA regulates by activity not by organization. While an organization might technically be classified as a regulated entity, that does not necessarily mean that all of its activities are regulated.”