Financial Times: Rethink ‘terrifying’ warnings over buying shares, says Lord Mayor

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People find it “terrifying” to invest in the stock market because of warnings from companies about the riskiness of shares, the City of London Lord Mayor has said, calling on regulators to ease consumer protection rules. 

Consumers should also be warned that the value of their bank deposits could be eroded by inflation, Alastair King said in an interview with the Financial Times.

“When it comes to putting out risk warnings to customers, we are terrifying people,” said the 686th Lord Mayor, who founded asset manager Naisbitt King in 2006.