The Financial Conduct Authority has joined media platforms TikTok and YouTube as part of its InvestSmart campaign.

The Financial Conduct Authority (FCA) has acted to stop Cyprus-based BDSwiss Holding Plc, and other firms from the BDSwiss Group, from offering high risk contracts for differences (CFDs) to UK investors.

If there is one positive from the London Capital & Finance fiasco it is that the whole sorry business has prompted government and regulatory action to stop a repeat of LCF.

The FCA has warned that ‘high risk’ investment products are exposing consumers to “more risk than they can absorb.”