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Commercial Credit News
|UK consumers at mercy of EU ‘passporting’ laws which let dodgy financial advisers set up shop|
|Tuesday, 28 July 2015|
More needs to be done to protect UK citizens from crooked financial advisory firms which use freedom of services laws within the EU to dodge UK consumer protection rules and dupe consumers into believing they are dealing with FCA regulated firms, according to AES International.
In the UK there are currently scores of companies which claim to be regulated by the FCA, but which, upon closer inspection, are actually regulated in less tightly controlled parts of the EU.
Forums International Ltd
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