As the cryptocurrency industry expands, it attracts an increasing number of players who expect to gain quick profits from the budding asset class even if it means breaking some rules, the phenomenon which did not miss the watchful gaze of the United Kingdom’s primary financial regulatory agency.

Indeed, Emily Shepperd, the Chief Operating Officer at the Financial Conduct Authority (FCA), has recently drawn attention to the portrayal of the world of finance as either dull or erratic and urged companies against encouraging behaviour similar to the glamourized versions of familiar financial players.

In her speech, delivered at City and Financial Global’s 8th Annual Culture and Conduct Forum for the Financial Services Industry on November 28, she said that things are far from what they seem, starting with the ‘Wolf of Wall Street.’

 As she explained:

“In the Wolf of Wall Street, the main protagonist is a hedonistic stockbroker in his 20s whose main purpose is to con wealthy clients with a ‘pump and dump’ strategy before he is eventually jailed.”

(By Ana Nicenko)