City regulator faces questions as to why firm was allowed to trade despite concerns over its finances
Investors in a company that promised bumper returns from a car hire scheme fear significant losses after it collapsed into administration, signalling potential embarrassment for the City regulator.
Buy2Let Cars and its parent company Raedex Consortium entered administration on Tuesday, weeks after the Financial Conduct Authority (FCA) told it to stop taking new business due to concerns about its finances.
