FCA Warns Tech Firms Not Doing Enough to Stop Illegal Forex Finfluencer

The UK Financial Conduct Authority (FCA) has asked lawmakers to introduce stricter rules for technology firms and social media influencers who promote unauthorised financial products. Many of these promotions relate to forex trading schemes, which are often presented by self-described “finfluencers” on platforms such as Instagram and TikTok. These influencers typically claim high returns and…