The Financial Conduct Authority has forced more than 4,000 misleading financial promotions to change or be withdrawn completely in just three months, the highest since it began publishing data.
Between July and September 2022 it intervened in 4,151 financial promotions. Investment was among the sectors with the highest rate of actions. Alongside retail lending and banking, between them these three sectors amounted to 95% of the FCA's interventions with authorised firms. Several other cases also involved unauthorised firms and individuals seeking to take advantage of the rising cost of living. FCA unveils SDR investment labels The FCA warned as consumers feel the financial squeeze, they could be tempted by high risk, unregulated products and services, or could become ...
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