3 Arrests, 3 Criminal Proceedings: FCA Cracks Down on “Rogue Finfluencers”
The UK’s Financial Conduct Authority (FCA) has revealed that it made three arrests, launched criminal proceedings against three individuals, and issued seven cease-and-desist letters as part of its efforts to tackle “rogue finfluencers.” The regulator also published 50 warning alerts and invited four finfluencers for interviews. FCA Takes the Lead The figures were released as…