British Authorities Warn Financial Influencers
March 28, 2024
The British financial regulator (FCA) has issued a warning to financial influencers that advice must be fair, clear, and not misleading. Unauthorized individuals, such as those appearing as “finfluencers” on social media, who advertise regulated financial products including cryptocurrencies without FCA approval, could commit a criminal offense and may face up to two years’ imprisonment, unlimited fines, or both.
