FCA doubles actions against misleading financial ads in 2024
The FCA launched targeted action against ‘finfluencers’, resulting in 20 people being interviewed under caution.
The FCA launched targeted action against ‘finfluencers’, resulting in 20 people being interviewed under caution.
On 10 October, the FCA imposed legally-binding requirements on REBS, which meant that REBS was no longer able to approve financial promotions.
The Advertising Standards Authority (ASA) has determined a digital poster for crypto platform Ziglu to be misleading.
The ASA challenged whether the ad was irresponsible because the use of an image of a cartoon dog trivialised investment in cryptocurrency.
The UK ASA has found that a paid-for Facebook ad for cryptocurrency exchange Coinbase was misleading and irresponsible.
The UK ASA did not like a poster stating “If you’re seeing Bitcoin on the Underground, it’s time to buy”.
The UK ASA has found that a press ad for Coinfloor Ltd, a Bitcoin and cryptocurrency exchange, is misleading.