FCA on finfluencer financial harm: 'We need people to sit up and take action'

In parliament yesterday afternoon (30 April), the Treasury Committee held a session on the role and regulation of online financial influencers, or finfluencers, in the UK.   In the session, MPs heard from FCA joint-executive director of enforcement and market oversight Steve Smart and director of consumer investments Lucy Castledine, who hold responsibility for monitoring influencer content and overseeing enforcement when rules are broken.  As finfluencers continue to gain traction, the FCA has intensified its scrutiny of financial promotions online to protect consumers from harm. In ...