Blog posts tagged with: FCA

Financial Ombudsman and Crowdcube's response to the Emoov Fiasco - Nothing to do with us mate

This is a disgrace but it is also exactly what we predicted Crowdcube would say. Thank you to the investor who forwarded this and who is now a member of ECF.Buzz - so it wont happen again. Shame on...

Emoov, sadly going where no investor has been before....................for good reason.

Emoov may well turn out to be the end of Crowdcube. The company raised £2.6m in 2015 on the platform. It then merged with two other loss making online estate agents this year and on the back of a...

Beware the numbers being used by Daily Dose on their current Crowdcube pitch.

Equity Crowdfunding only has one FCA rule to obey - do not mislead investors.

Mr Gripit knows a good deal when he sees one. Is Crowdcube just for suckers?

How to complain to the FCA

A friend very kindly sent this through and I thought it might be useful for anyone wishing to look at taking action against Crowdcube and or Sugru. I have to say my experiences with Ombudsmen is...

What Notes dont tell you - but we did.

Notes are back on Crowdcube, as expected. They have run out of your money. They dont tell investors what they told them last time, as that would be a real downer on their pitch. We told you back in...

Is someone lying here? Sugru Debt Facility - was it secure or just an option??

What does the FCA mean by a misleading fact?

The FCA guidlines for equity crowdfunding state that it is the responsibility of the platforms NOT to present misleading information. But what does that mean?

What is it Crowdcube do not understand about checking the facts?

Moove, an Irish version of Purple Bricks according to their PR, have almost completed their Crowdcube £200k raise - then someone discovers that they are not licensed to deal with property.

Seedrs do the right thing when Crowdcube can only talk about it.

Yet again we have an example of Seedrs committing in action to looking after their investors. This is not what Crowdcube do despite what they may say.

New ICO from Spice being promoted by Crowdcube - is that legal?

So now Crowdcube are licensed by the FCA to promote an ICO? 

Myshowcase's final crash

Our recent report of the give away of Crowdcube funded MyShowcase to Miroma Group has now been confirmed. A communication from Crowdcube, who are the nominee account holders in this mess, states...

Bra Entrepreneur using Coin to divert the gaze of the FCA?

Reports of the death of Myshowcase have been greatly exaggerated - apparently.

In a complete reversal, Myshowcase CEO Nancy, has now told shareholders the company has been sold in such a way as to protect their EIS status.

Just how bad is the Ethos Global Scandal?

Ethos Global, forced into liquidation by the Courts, and their funding facilitator Crowdcube, are trying to dismiss the closure and shenanigans that led to it, as nonsense. What really lies beneath...

New Year brings Crowdcube investors in Airlander to the ground with a heavy bump - no parachutes issued.

Airlander - the new/old Zeppelin idea  - has had to reduce its share 'value' by 60% to gain more, much needed funding. Leaving Crowdcube investors with large potential losses.

FCA Interim review is still looking through the wrong end of the lense

So now we have the FCA's interim report on alternative finance. Will it make any difference?

Crowdcube investors are now contacting US for help!!!

3 times this week we have been contacted by shareholders in companies that funded via Crowdcube, to ask us to help them find out what is happening. 

Its time the FCA protected creditors from this abuse

Investden claims to have raised money for Bedlam Brewery are false?

An FCA regulated equity crowdfunding platform has claimed to have raised over £250k for Bedlam Brewery. Bedlam Brewery deny this.