Nine people have been charged in Britain for promoting unauthorised foreign exchange trading schemes on Instagram in the first crackdown on "finfluencers", the UK Financial Conduct Authority (FCA) said on Thursday. Emmanuel Nwanze, 30, and 33-year-old Holly Thompson offered advice on buying and selling high-risk contracts for difference (CFDs) over the social media platform between May 2018 and April 2021, although they were not authorised to do so, the regulator alleged. The FCA alleges... Read this story
