Finfluencer crackdown: Love Island and Towie stars charged for promoting unauthorised trading schemes

FCA charges a string of 'finfluencers' following an investigation into unauthorised trading schemes. We reveal the financial influencers who you should not take money advice from

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(Image credit: Getty Images)

Several social media stars have appeared in court after being charged by the City watchdog with allegedly being paid to promote an unauthorised foreign exchange trading scheme.

It is the latest crackdown by the Financial Conduct Authority (FCA) on the rising trend of ‘finfluencers.’

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.