FCA racks up £90k bill fighting fraudulent ads

Industry News | 24/04/20

The Financial Conduct Authority spent almost £90,000 over two months in its fight against fraudulent and misleading online adverts for financial services this year. In an evidence session before the Treasury committee in March former chief executive Andrew Bailey said the regulator was “playing whack-a-mole” with adverts for high risk and potentially fraudulent investments online.

Source: FT Adviser