The Financial Conduct Authority has joined forced with regulators across the globe to protect social media users from illegal financial promotions by rogue finfluencers. The FCA has already issued 50 warning alerts and sent seven cease and desist letters. It has also made three arrests with the support of the City of London Police, authorised criminal proceedings against three individuals and invited four finfluencers for interview. Read more: https://on.ft.com/3SzKoEe