‘Finfluencers’ crackdown is ‘long overdue’

This week's FCA’s crackdown on rule-breaking social media posts and so-called ‘finfluencers’ is long overdue, according to Rosie Hooper, chartered financial adviser at Quilter.


FCA to crack down on social media ads

The Financial Conduct Authority has outlined new guidance proposals aimed at combatting illegal and non-compliant social media ads and promotions and the potential damage from some ‘finfluencers.’


Editor’s Comment: FCA's 'whackamole' battle

The FCA has done a pretty good job in cracking down recently on scams and dodgy financial promotions, stung into action by some major failures over the last few years.


FCA to crack down on social media 'finfluencers' in 2023


The Financial Conduct Authority told firms to amend or remove 8,582 financial promotions during 2022 - 14 times the level of 2021.

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