FCA Proposes New Tool To Tell Investment From Gambling
Law360, London (November 6, 2019, 1:52 PM GMT) -- Regulators should adopt a new model that shows consumers the average return from different types of investment to help them distinguish between investing and gambling, the Financial Conduct Authority said Tuesday.
Consumers struggle to draw a line between investments, insurance policies and financial products that are low risk and those that are essentially akin to gambling, according to the regulator.
But it is difficult for regulators to draw clear distinctions between more complex financial products, the FCA said. Watchdogs must devise a simple way to tell consumers whether a product they are buying is really an investment or a bet....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!