LONDON (AFP) - A new generation of young consumers, often influenced by social networks and using trading apps, are plumping for high-risk investments, Britain's financial markets regulator warned on Tuesday (March 23). The Financial Conduct Authority said bitcoin and other cryptocurrencies were in particular seducing these new consumers who acknowledged enjoying the thrill of investing and not being able to absorb their losses. Sheldon Mills, who heads up the consumer and competition division at the FCA, said that many of the investment products meet the needs of consumers. "But we are worried that some investors are being tempted - often through online adverts or high-pressure sales tactics - into buying higher-risk products that are very unlikely to be suitable for them," he said. The FCA's report comes on the heels of retail investors organising on social media to drive up the price of shares of video game store chain GameStop, causing a frenzy on Wall Street as some prominent hedge funds that had speculated on the share price falling got stuck with massive losses. Growing numbers of investing influencers have appeared on social media sites such as Twitter, Reddit, Instagram an...