February 4, 2023

Investment scams warning issued by FCA

The Financial Conduct Authority has issued a warning to keep a watch for investment scams as the number of inquiries has shot up to over 16,000 which is an increase of 33% for the same period in the year before. Crypto currency asset scams were listed as being the top reported, however there has been some impersonating alerts from FCA . FCA has also said that it is taking immediate action in the consumer investment market and has stopped about 1 in 4 firms from joining it.

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