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.
Twenty finfluencers are being interviewed under caution by the FCA, as it launches targeted action.
Finfluencers are content creators that use digital channels and social media to drive financial behaviour and investment decisions.
Trials have been scheduled after the FCA charged 9 individuals in relation to an unauthorised foreign exchange trading scheme.
The FCA has brought charges against nine individuals in relation to an unauthorised Forex trading scheme promoted on social media.
Guidance for memes, reels and gaming streams promoting financial services has been published by the FCA today.
ASIC has successfully sought sequestration orders in the Federal Court of Australia against social media finfluencer Tyson Robert Scholz.
When posting on social media, influencers must disclose any conflicts of interest in a clear way, so investors would take notice of it.
Gabriel Govinda (known online as ‘Fibonarchery’) has been sentenced to two and a half years imprisonment.
The Federal Court has made permanent injunctions against social media finfluencer Tyson Robert Scholz.