FCA targets unregulated investment scammers

Financial Conduct Authority targets online scammers

The Financial Conduct Authority (FCA), which regulates financial companies providing services to consumers, announced plans to increase preventative action against potential consumer scam investments. Apparently, the FCA stopped one in every four bogus companies from entering the market in 2021. The figure had been one in five in 2020. While these statistics are reassuring, punishing…

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