A firm that marketed a failed bond scheme that lost 14,000 bondholders a combined £236m has been funding the private salary of Tory MP Johnny Mercer.

The FCA is to launch a probe into the collapse of mini-bond firm London Capital and Finance (LCF).

The Serious Fraud Office, working in conjunction with the Financial Conduct Authority, has opened an investigation into individuals associated with failed £236m mini-bond firm London Capital & Finance Plc.  

Chartered Financial Planner firm Belmayne has warned local investors near its base in Yorkshire to be on their guard to the danger of unregulated investments and scams following the collapse of £236m fund London Capital and Finance (LCF).