Google urged to vet online financial promotions better

LONDON, – Google should voluntarily take action immediately to better vet paid-for promotions for financial products, Britain’s Financial Conduct Authority said on Thursday after a damning report on the watchdog’s handling of a collapsed fund.

Nikhil Rathi, chief executive of the FCA, said Google should make checks with regulators to see whether potential advertisers had already been shut down in some other guise, before promotions are posted online.