On Wednesday 28 May, the Chair of the European Securities and Markets Authority (ESMA), Verena Ross, urged a series of online platforms to take “proactive steps” to prevent the promotion of unauthorised financial services.
“The increasing spread of online scams targeting retail investors poses a serious risk to investors themselves and to society as a whole, with fraudulent actors exploiting digital platforms to advertise unlawful financial services”, Ross wrote in a letter sent to...