The Financial Conduct Authority (FCA) amended or withdrew 4,151 financial promotions between July and September, the largest number on record.
Investments, banking and retail lending were the sectors with the highest rates of amended or withdrawn adverts, accounting for 95 percent of the FCA’s interventions with authorised firms.
The FCA said there were several cases involving unauthorised firms and individuals seeking to take advantage of the rising cost of living.
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