Regular readers (hi Mum) will have noticed a slowdown in Bond Review’s output lately.
This is due to a combination of less free time on my part, due to changed family circumstances, and a lack of developments in the unregulated investment sector that were interesting enough to be worth writing up.
While emails continue to drop into my inbox with monotonous regularity promoting unregulated investments in misleading terms, most of the investments have been already reviewed here.
A notable example is the High Street Group which continues to solicit investment in its 15%pa high risk bonds via introducers claiming the investment “can easily beat the best returns on offer from any UK Bank”. The accounts of its fundraising arm, High Street Commercial Finance Limited, are now coming up to six months overdue.
The fact that High Street Group continues to solicit investment from introducers while failing to meet its statutory obligations to file up to date accounts on what it is doing with the money already raised – a criminal offence under the Companies Act – emphasises the dysfunctional and unfit for purpose status of investment regulation in the UK.
That said, I’ve said my piece and don’t have the time to spend retreading old ground.
There are stages in your life where you have to kill time and there are those where you have to make time.
My days of having time to kill are probably over for the foreseeable future. Bond Review was set up with the ethos that if an hour of my time saves an investor from losing their life savings in a high risk investment that wasn’t suitable for them, it’s a good trade. Unfortunately that doesn’t give me more hours in the day.
Bond Review will continue to do the same job it has been doing for the past two and a bit years, but new articles will probably be less frequent from this point on. Thanks to all our readers for your support.