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The Guardian - UK
The Guardian - UK
National
Dan Milmo Global technology editor

Love Island and Towie stars charged with promoting trading scheme on Instagram

Lauren Goodger
Lauren Goodger is one of nine people accused of issuing unauthorised communications of financial promotions, an offence punishable by a fine and up to two years in jail. Photograph: Joe Maher/Getty Images

The UK’s financial watchdog has charged seven reality TV stars, including former Love Island contestants and cast members from The Only Way is Essex (Towie), with promoting an unauthorised foreign exchange trading scheme on Instagram.

The Financial Conduct Authority (FCA) has brought charges against nine people in a crackdown on “finfluencers” who have a total of 4.5m followers on the social media platform.

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