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
