thewealthnet

FCA takes action to tackle online fraud

News Team, 07/02/2023

The Financial Conduct Authority (FCA) has taken action to protect the public from online fraud.

Misleading promotions is a key aspect of this.

As a result, the FCA has required firms to amend or remove 8,582 promotions during 2022 - 14 times more than in 2021.

The FCA also published over 1,800 alerts to help prevent consumers from losing their money to scams.

Social media remains a major focus for the regulator’s work in combatting m...


Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com