3 Arrests, 3 Criminal Proceedings: FCA Cracks Down on “Rogue Finfluencers”

3 Arrests, 3 Criminal Proceedings: FCA Cracks Down on “Rogue Finfluencers”

The UK’s Financial Conduct Authority (FCA) has revealed that it made three arrests, launched criminal proceedings against three individuals, and issued seven cease-and-desist letters as part of its efforts to tackle “rogue finfluencers.” The regulator also published 50 warning alerts and invited four finfluencers for interviews. FCA Takes the Lead The figures were released as the FCA

Canadian regs join global finfluencer sweep

Finfluencers warned, charged, over unregistered activity The post Canadian regs join global finfluencer sweep appeared first on Investment Executive.

'Finfluencers' Are Getting In A Lot Of Trouble In The UK

Three influencers have already been charged. The post ‘Finfluencers’ Are Getting In A Lot Of Trouble In The UK appeared first on Passionfruit.

Treasury Committee writes to Facebook over finfluencer posts   – Mortgage Strategy

The Treasury Committee has written to the parent company of Facebook demanding to know why it takes so long for the social media platform to remove illegal content by finfluencers.   Chair Meg Hillier (pictured) asked Meta, “why it has taken you on occasion up to six weeks to respond to a takedown request from the Financial Conduct Authority?” Hillier also asked the company to, “set out the total number of days in aggregate that Meta have allo…

UK makes 3 arrests, sends 7 cease-and-desist letters in Finfluencer crackdown

Finfluencers are social media personalities who use their platform to promote financial products and share insights and advice.