City watchdog charges reality stars in 'finfluencer' crackdown
Social media stars have been caught up in a Financial Conduct Authority investigation into an unauthorised trading scheme
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Social media stars have been caught up in a Financial Conduct Authority investigation into an unauthorised trading scheme
LONDON (Reuters) -Reality television stars are among nine people charged in Britain with promoting unauthorised trading schemes on Instagram in the first crackdown on “finfluencers”, the UK Financial Conduct Authority said on Thursday. Emmanuel Nwanze, 30, and Holly Thompson, 33, offered advice on trading high-risk foreign currency derivatives over the social media platform between May…
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