Britain to crack down on promoting high-risk financial products

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Britain’s Financial Conduct Authority on Thursday proposed new rules to tighten up how high-risk financial products are promoted, drawing on lessons from the collapse of investment fund London Capital & Finance and a rise in scams online.

“We are concerned that too often consumers are investing in high-risk investments they don’t understand and can lead to significant and unexpected losses,” Sheldon Mills, the FCA’s executive director for consumer and competition, said in a statement.

via Reuters

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