, Nikhil Rathi, the FCA’s chief executive, said the big internet firms “need to take greater responsibility” for their role in connecting consumers with these investment offers. He said too many of the “investment opportunities” that people were finding online “prove too good to be true”, and the FCA was looking at how social media sites were adapting to new rules on so-called financial promotions. “If needed, we will take action,” he said.
City watchdog warns social media over investment offers
Brasil Notícia Notícia
FCA flags up sites such as YouTube and TikTok in promoting risky investments to inexperienced consumers