Firms Still Falling Short On Financial Adverts, FCA Says
Law360, London (April 12, 2019, 12:23 PM BST) -- Adverts produced by financial businesses marketing their products to retail investors have “fallen well short” of the standards expected by the Financial Conduct Authority, despite earlier warnings about misleading material in promotions, the watchdog’s chief executive has said.
The City watchdog is concerned that companies are not making their financial promotions sufficiently clear to consumers and has told them to ensure they comply with its rules. (AP) Andrew Bailey told companies that the City regulator is concerned that they do not make their financial promotions sufficiently clear to consumers. Adverts aimed at nonprofessional investors can sometimes be misleading, the chief executive warned....
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