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This 380-word blog post discusses how dodgy financial products and cryptocurrency investments are readily marketed to unsuspecting consumers, due to a loophole in the regulations for financial promotions. But this inadequate system is set to change with new proposals designed to give consumers better protection against misleading and inadequate promotions.
Written on 21 July 2020.
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A scourge of the retail financial services profession are promotions for unregulated investments.
Dodgy financial products and cryptocurrency investments are readily marketed to unsuspecting consumers, due to a loophole in the regulations for financial promotions.
As things stand, an unauthorised firm can promote unregulated investments, as long as they find a regulated firm willing to sign-off on their advert.
© 2020 · Bamford Media Ltd.
