UK regulator part of international crackdown on finfluencers acting illegally

The FCA said some social media influencers may tout products or services illegally and without authorisation (PA) - (PA Wire)

The City regulator has called for social media platforms to be more proactive in blocking harmful financial promotions at source, as it took part in international action to crack down on illegal finfluencers putting consumers’ money at risk.

Financial influencers, also known as finfluencers, are social media personalities who use their platform to share money insights with their followers.