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Finfluencers under spotlight as regulators launch global crackdown

Social media icons on a screen.
There has been a rise in provision of financial advice on social media, in some cases illegally. Photo: S3studio/Getty Images

Regulators from Australia, Hong Kong, Brazil, Canada, India, the Gulf, and the UK took part in the second Global Week of Action Against Unlawful Finfluencers.

Regulators from around the globe have come together in a week-long operation against so-called finfluencers, individuals who provide illegal and unauthorized financial advice to people on social media platforms.

The UK’s FCA said it spearheaded the joint operation which also included 16 other global financial watchdogs including Australia’s ASIC, the

According