FCA cracks down on misleading promos by social media influencers
The UK’s Financial Conduct Authority (FCA) forced the amendment or removal of 8,582 potentially misleading or outright fraudulent financial promotions during 2022, over 14 times more than the 573 interventions it made in 2021, as its use of digital tools and focus on social media influencers. The FCA said it had made “significant improvements” to…