FCA Tells Crowdfunding Firms: Ad Rules Are a Must

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The Financial Conduct Authority (FCA) has warned crowdfunding platforms to adhere to its financial advertising rules and develop plans to close their businesses in an orderly manner. The FCA’s warning comes amid concerns that some crowdfunding firms are not providing accurate and clear information about the risks associated with their products. The regulator has also stressed the need for platforms to have adequate systems and controls in place to assess the suitability of potential investors. The FCA will continue to monitor the sector and take action against firms that fail to meet its standards.

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