Watchdog cracks down on social media 'finfluencers'

UK regulator part of international crackdown on finfluencers acting illegally

The Financial Conduct Authority is among 17 regulators worldwide to have taken part in a week of action.

'A real risk': Financial watchdog's warning about finfluencers

Four finfluencers have been issued warning notices for allegedly providing unlicensed financial advice.

ASIC Warns ‘Finfluencers’ Over Unlicensed Advice Targeting Young Australians

Australia’s corporate regulator has warned social media finance influencers that misleading or unlicensed advice could expose them to serious penalties, as younger users increasingly turn to online platforms for investment guidance. The Australian Securities and Investments Commission (ASIC) has issued notices to four unlicensed online financial influencers, also known as “finfluencers,” about promoting financial strategies including claims of h…

Watchdog puts bite on 'finfluencers' deceiving Gen Z

The financial services watchdog has sent warnings to social media accounts providing deceitful advice on platforms used by...

ASIC goes after finfluencers for ‘grandiose’ investment promises

As Gen Z turns to TikTok for financial guidance, ASIC is ramping up its crackdown on ‘finfluencers’ and firms hiring them to promote financial products.

Watchdog cracks down on social media 'finfluencers'

The financial services watchdog has put four social media influencers on notice as it tries to protect young Australians who turn to the internet for advice.