Sector Regulation Sector Regulation

Social media platforms’ attitude to fraudulent ads a ‘disgrace,’ says UK lawmaker

By Fiona Maxwell
  • 18 Jan 2022 07:47
  • 18 Jan 2022 08:17
Social-media companies' approaches to allowing fraudulent financial promotions on their platforms is a “disgrace”, and the British public is owed a refund, a UK lawmaker said today.

Julian Knight, chair of a parliamentary committee looking at online harms, said that companies such as Facebook parent Meta and TikTok, could have prevented individuals suffering

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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