FCA ‘can’t be responsible for everything’, City minister says, as Treasury eyes tougher action on scam investments

The Financial Conduct Authority “can’t be responsible for everything”, a leading Treasury official conceded, as the government opens the door to tougher legal action over online investment scams. Amid an explosion in fraudulent investments being promoted through social media platforms during the pandemic, City minister John Glen told lawmakers that while the FCA has “a significant role […] Seoul, Korea
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