FCA Urges Firms to Report ‘Unlawful’ Finfluencers

FCA calls for regulated firms to collaborate in reporting illegal online content

The FCA has called for regulated firms to report the unlawful promotion of financial services online as the watchdog adapts its approach to tackling financial crime. Lucy Castledine, the FCA’s director of consumer investments, said the regulator will continue to take action against those who give advice unlawfully, to protect consumers and the integrity of the markets, but added it is “too easy” to promote illegal content online. In a speech at …

FCA tells firms to report ‘unlawful’ finfluencers   – Mortgage Finance Gazette

Regulated firms should report “unlawful” finfluencers to social media platforms and come to the City regulator if they are ignored.   The Financial Conduct Authority’s director, consumer investments, Lucy Castledine (pictured) put across an uncompromising message on the role of finfluencers in financial markets.  “People unlawfully… The post FCA tells firms to report ‘unlawful’ finfluencers   appeared first on Mortgage Finance Gazette.

FCA urges firms to report ‘unlawful’ finfluencers

Regulated firms should report “unlawful” finfluencers to social media platforms and come to the City regulator if they are ignored.   The Financial Conduct Authority’s director, consumer investments, Lucy Castledine (pictured) put across an uncompromising message on the role of finfluencers in financial markets.  “People unlawfully…The post FCA urges firms to report ‘unlawful’ finfluencers   appeared first on Mortgage Strategy.