FCA Vows Crackdown, Reforms To Tackle Investment Harm

By Martin Croucher (September 15, 2021, 1:08 PM BST) -- The City watchdog launched a wide-ranging package of reforms on Wednesday as it seeks to clamp down on fraud, improve the quality of financial advice and encourage savers to invest in the stock market.

The City watchdog wants to make investing less risky after it found that the cost of investment scams in the country's £1.6 trillion ($2.2 trillion) consumer investment market has surged in the last three years. (iStock) The Financial Conduct Authority said it wanted to make investing less risky after it found that the cost of investment scams in the country's £1.6 trillion ($2.2 trillion) consumer investment market...

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