FCA spearheaded a global crackdown with 17 regulators on illegal “finfluencers,”targeting unauthorised promotions reaching millions through coordinated enforcement and takedowns

FCA led a global crackdown involving 17 regulators to tackle illegal “finfluencers” promoting unauthorised financial products, combining enforcement actions, account takedowns, and consumer awareness efforts; in the UK, this included securing a guilty plea, launching further criminal proceedings, issuing warnings, and removing over 1,200 illegal financial adverts reaching millions, while calling on social media platforms to take greater responsibility in preventing the spread of harmful financial promotions…