The Monetary Conduct Authority (FCA) has launched
its shopper investments knowledge evaluation for the interval between April 2022 and
March 2023, highlighting 1,716 warnings issued towards unauthorized people
and corporations.
Throughout this era, the regulator barred 20% of latest
shopper funding corporations from coming into the market. Moreover that, the FCA secured £4.9m in shopper redress from unauthorized funding companies. Nonetheless, there was a notable surge of helpline inquiries
relating to potential scams, which jumped 12% since 2020.
Particular scams, together with restoration room scams (21%),
FCA impersonation scams (38%), and cryptocurrency scams (17%), have seen a
notable uptick in inquiries.
Count on ongoing updates as this story evolves.
The Monetary Conduct Authority (FCA) has launched
its shopper investments knowledge evaluation for the interval between April 2022 and
March 2023, highlighting 1,716 warnings issued towards unauthorized people
and corporations.
Throughout this era, the regulator barred 20% of latest
shopper funding corporations from coming into the market. Moreover that, the FCA secured £4.9m in shopper redress from unauthorized funding companies. Nonetheless, there was a notable surge of helpline inquiries
relating to potential scams, which jumped 12% since 2020.
Particular scams, together with restoration room scams (21%),
FCA impersonation scams (38%), and cryptocurrency scams (17%), have seen a
notable uptick in inquiries.
Count on ongoing updates as this story evolves.
