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flag UK's FCA apologizes and offers compensation to investors duped by fraudulent firm Collateral.

flag The UK Financial Conduct Authority (FCA) has apologized to investors in the fraudulent peer-to-peer firm Collateral and urged them to come forward by March 31, 2025. flag The firm’s directors falsely altered its entry on the FCA's register to appear authorized for consumer credit activities. flag The FCA received over 300 complaints and will pay £500 to affected investors and £150 for delays in handling complaints.

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