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14.02 / 15:13

regulation cryptoassets financial conduct authority FCA financial promotions Financial FCA: More than 10,000 'misleading' financial ads withdrawn in 2023

The regulator has previously highlighted its concern at the rise of influencers, also known as ‘finfluencers', leveraging social media platforms to promote financial products.

09.10 / 14:51

regulation cryptoassets Financial Services Alternatives financial promotions FCA sends 146 alerts in first day of crypto promotion regime

'We expect businesses including social media platforms, app stores, search engines, domain name registrars and payments firms to consider the alerts we have issued and play their part in protecting UK consumers from illegal promotions.'

28.09 / 11:31

regulation financial conduct authority financial promotions FCA urges firms offering high-risk investments to retail investors to review promotion practices

The FCA said it expects firms offering RMMIs to retail clients to consider these examples and any changes they need to make to their practices to meet its expectations and improve consumer outcomes.

18.07 / 02:59

regulation Social Media marketing financial promotions Financial Crypto memes can be considered financial promotions, says UK watchdog

Crypto firms and influencers may need to start slapping disclaimers on crypto memes to stay compliant with advertising laws in the United Kingdom, according to a new proposed guidance from the country's financial regulator.

17.07 / 10:47

regulation Financial Services Wealth managers FCA Asset Managers Quilter Fund managers financial promotions Financial FCA eyes stringent social media rules in financial promotions crackdown

'We have seen a growing number of ads falling short of the guidance we have in place to stop consumer harm," said Lucy Castledine, director of consumer investments at the FCA.

10.04 / 23:07

UPS SEC financial promotions Financial Love Island star joins campaign to educate influencers about financial promotions

In recent years financial brands, most notably crypto outfits, have turned to influencers to promote their products to millions of social media users. But, the trend has caught the attention of regulators: just last month in the US the SEC charged eight celebrities - including actress Lindsay Lohan and YouTube star Jake Paul - for illegally touting crypto asset tokens without disclosing that they were paid for doing so.

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