FCA issues warning against the “gamification” of trading apps LeapRate

November 21, 2022 BY Steffy Bogdanova

FCA issues warning against the “gamification” of trading apps

Sarah Pritchard, executive director of markets at the FCA, said: Some product design features could be contributing to problematic, even gambling-like, investor behaviour. We expect all firms that offer stock trading to consumers to review and, where appropriate, make improvements to their products based on these findings. They should also ensure they are providing support…

July 19, 2022 BY Steffy Bogdanova

CySEC warns of rising numbers of “finfluencers" and “gamification” tactics

Theocharides added: It is particularly worrying that already low financial literacy levels are also declining and this has exacerbated the risk of young people not fully understanding the unique characteristics and risks that trading in these products can carry and many will get in over their head. CySEC further raised concerns over the growing endorsement…

May 06, 2021 BY Steffy Bogdanova

SEC Chairman states plans to tackle ‘gamification’

Robinhood spokeswoman Jacqueline Ortiz Ramsay said: We look forward to engaging with the SEC as they consider potential rules in these areas. As a number of SEC regulations were approved over 10 years ago, predating the huge influence of social media, the impending change will come as a huge task for the regulators. It must…

Tag: gamification