Orca CEO Calls Out Mini-Bond Market

Orca CEO Iain Niblock calls out the mini-bond market after the collapse of mini-bond provider London Capital & Finance (LCF); “The high-profile collapse… highlights the perils of solely chasing an interest rate,” Orca CEO explained to AltFi. “This is a horrible situation for the savers and investors who were duped into a highly attractive interest rate.”; LCF promised returns of 9 percent a year and was marketed as a fixed rate ISA, which was not the case; investors were also unaware that the bonds were not covered by the Financial Services Compensation Scheme (FSCS) and so they cannot claim their money back by guarantees; the collapse puts a spotlight on the market and could bring about more regulation, in particular when it comes to marketing investment opportunities. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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