PIMFA urges government to tackle online investment fraud

Comments come as government publishes Online Safety Bill

PIMFA is calling on the government to protect investors by tackling clone investment fraud and fake online adverts.

The trade body's comments come as the government has published its Online Safety Bill for parliamentary consideration. The draft legislation includes several measures, such as new powers for Ofcom and care of duty rules for tech firms to block dangerous content. PIMFA has welcomed the bill, primarily designed to protect children, but has criticised its lack of measures aimed specifically at investment fraud. Tim Fassam, director of government relations and policy at PIMFA, said the trade body would now be lobbying lawmakers about including these. Investec's Ciaran Whelan joins PIMF...