EU Watchdog Targets Misleading Online Financial Promotions

Regulators across the European Union need more powers to crack down on misleading online financial promotions, the bloc's securities watchdog said on Friday. From a report: The EU's executive European Commission is due this year to set out a retail investor strategy to catch up with rapid changes in technology which now allow people to buy shares or bitcoin with a few swipes on their smartphone. The bloc wants more retail investor participation to help build a deeper capital market that relies less on bank loans to fund the economy. "I believe these are fundamental shifts in how the market works and who engages in the market," Verena Ross, chair of the European Securities and Markets Authority (ESMA) told Reuters. "I think the downside of some of that is that it entices a lot of speculation, and a kind of gamification of the way retail investors engage in financial markets."

Dark Patterns

[Lavoleous]

Have a read of https://www.deceptive.design/ [www.deceptive.design] for more of this kind of thing.

Forget subtlety or nuance...

[VeryFluffyBunny]

...just hold the social media platforms that profit from these campaigns accountable: The platforms have to insure their users' "investments." Let's see how that plays out.