FCA to crack down on crowdfunding

‘The City regulator has announced a crackdown on crowdfunding – the fast-growing sector that lets businesses and individuals raise money from online investors.
The Financial Conduct Authority said it had concerns about loan-based businesses, also known as peer-to-peer lenders, and investment-based platforms. It said it was examining online alternative finance to take account of the UK market’s rapid growth from £1.7bn of loans, investments and donations in 2014 to £3.4bn last year.’
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