The court cases brought by the FCA against the 'finfluencers' accused of issuing unauthorised financial promotions have encountered long delays due to issues with court availability.

Nearly nine in 10 financial advice videos on social media platform TikTok (87.5%) are ‘potentially misleading’,  according to a study by advice firm Almond Financial.

There was some shock this week when the FCA announced that it was charging nine social media influencers, including some reality TV stars, in connection with promotion of an unauthorised investment trading scheme.

The FCA has brought charges against nine people in relation to an unauthorised investment scheme promoted on social media.