Experts fear that thousands of people could be left “high and dry” unless tighter controls on the practice are put in place.
Investment opportunities are usually marketed over the internet by companies unable to secure funding through traditional lending channels.
But the system remains largely unregulated and an increasing number of questionable ventures are appearing online.
It means novice investors could be at risk of losing their life savings or being financially exploited by unscrupulous scammers.
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