The Financial Conduct Authority is leading a global campaign of action to tackle illegal finfluencers who are scamming and conning consumers. 

UK victims lost £2.4m every day to investment fraud in 2025, according to new figures published by the City of London Police.

Seven social media ‘finfluencers’ have been sentenced today at Southwark Crown Court for their role in promoting an unauthorised foreign exchange trading scheme. 

Enforcement action taken against finfluencers by the FCA rose 174% in 2025 to 74 actions.

Three finfluencers appeared before Westminster Magistrate’s Court yesterday, each charged with an offence relating to their social media posts.

The FCA suspended, removed or blocked more than 1,600 websites last year where it suspected them of promoting financial services products and services without permission.

A minority of people have acted on financial advice they’ve seen on social media but the majority lost money as a result, according to a new study.

High-net-worth (HNW) millennials are more likely to turn to social media and finfluencers for investment guidance when they inherit (27%), than to financial advisers (18%).

A global crackdown on rogue 'finfluencers' (social media influencers) has been launched this week by nine regulators and is being spearheaded by the UK's Financial Conduct Authority.

The FCA is interviewing 20 finfluencers under caution as part of a “targeted action” against illegal financial influencers.