Two headlines on the same day show how financial services regulation is still as ineffective as ever after 20 or 30 years. Promotors of a fake share scheme ‘punished’ five years on by being banned as directors. And millions to be lost by investors in yet another sure-fire property development scheme offering guaranteed returns from so-called ‘mini-bonds’. Surely it just needs someone at the regulator’s office to spend 10 minutes googling around each day to spot these things? Or am I, once again, missing something?
“Platforms call for UK government to resist launching ‘retrograde’ British ISAs”
There is a school of thought which might say that, should you wish to revive and encourage investment in the UK Stockmarket, a starting point might be the reversal of Brexit.
