UK Regulators Warn Financial Influencers Against Endorsing Dubious Schemes
On April 6, 2023, the UK's Financial Conduct Authority (FCA) and Advertising Standards Authority (ASA) released a joint statement warning financial influencers, known as "finfluencers," about promoting fraudulent investment schemes on social media. Cryptocurrencies and non-fungible tokens were explicitly mentioned in the statement, and a seven-point checklist was provided to ...
