FCA updates on finfluencer trial

Following the FCA’s decision to charge 9 “finfluencers” in relation to promotions of an unauthorised FX trading scheme on social media, it has updated that three individuals have pleaded not guilty, while another three did not indicate pleas and the first heading for the final three has been adjourned to early July.

The FCA alleges that two individuals used an Instagram account to give advice on buying and selling CFDs when not authorised to do so and that one of them paid the other seven to promote the account to their followers.

Emma Radmore