FCA warns against misleading promotions on unregulated investments

In a letter from FCA chief executive Andrew Bailey to company CEOs, the Financial Conduct Authority has revealed it has been made aware of regulated firms carrying out misleading promotional activity on unregulated investments. Bailey warned these sorts of promotions were "unlikely" to meet the regulator's rules that require financial promotions to be fair, clear and not misleading. "Some of the firms we regulate undertake both regulated and unregulated business," he said. "We have recently become aware of firms issuing financial promotions, which suggest or imply that all of the acti...