Gary Gensler<\/a> noted in a written testimony to Congress that most regulations related to trading were created before mobile apps rose to dominate the retail investing landscape and that new rules may be needed to tackle gamification.<\/strong><\/p>\nHe said he was particularly concerned that user prompts might cause customers to make bad trading decisions.<\/p>\n
\u201cWhile new technologies can bring us greater access and product choice, they also raise questions as to whether we as investors are appropriately protected when we trade and get financial advice,\u201d Gensler\u00a0said in an August statement. \u201cIn many cases, these features may encourage investors to trade more often, invest in different products, or change their investment strategy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Problem gambling helplines say they are receiving an increasing number of calls from online day traders concerned about addiction. Experts say this may be partly attributable to people having more time on their hands during the lockdown, coupled with a lack of sports to gamble on. But they\u2019re also pointing the finger at the rise […]<\/p>\n","protected":false},"author":36,"featured_media":188084,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,22988],"tags":[],"acf":[],"yoast_head":"\n
Gambling Helplines Report Uptick in Calls from Digital Trading Apps Users<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n