News Briefing - Crowdfunding, SME And Alternative Finance

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1.UK – AltFi

FT Adviser reports:

 

“The High Court has ruled in favour of the Financial Conduct Authority, finding an unauthorised investment scheme must pay the regulator almost £1m to be re-distributed to investors. 

On May 14 the court declared Xcore Capital Limited and Jonathan Chitty had carried out an unauthorised investment scheme, which had promised a 6 per cent annual return to investors who were led to believe their money would be traded on foreign exchange and equity markets. 

News Briefing - Crowdfunding, SME And Alternative Finance

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1.UK – P2P

 

P2P Finance News says that P2P is popular for equity raises.

 

“PEER-TO-PEER lending has been given a further stamp of approval thanks to a flurry of fundraises this year on equity crowdfunding platforms.

Not only are investors keen to fund loans via P2P platforms, they’re keen to buy stakes in them as well.

Here we round up some of the latest, oversubscribed fundraising campaigns.

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