FCA calls on Big Tech to do more to tackle growing ‘finfluencer’ problem

Q: How long will it take to read this news story?

The story "FCA calls on Big Tech to do more to tackle growing ‘finfluencer’ problem" has 592 words across 20 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "FCA calls on Big Tech to do more to tackle growing ‘finfluencer’ problem" was covered 1 days ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 8 news stories per day. It's most recent story was published 13 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28301623</li><li>URL: https://tessjds.beamstart.com/news/fca-calls-on-big-tech-17460359156165</li></ul>

Financial Times 1d ago

FCA calls on Big Tech to do more to tackle growing ‘finfluencer’ problem - Financial Times

Quick Summary:

Dame Meg Hillier, the Labour MP who chairs the committee, said it was “jaw-dropping” that no finfluencers had yet been convicted.“It sounds like there’s an awful lot of work to do and I think these online platforms clearly have a responsibility here too.

Lucy Castledine and Steve Smart of the Financial Conduct Authority.

Steve Smart, joint executive director for enforcement and market oversight at the FCA, told MPs there had been “a number of instances where what is being promoted turns out to be fraud or a scam where people will lose a significant proportion if not all of their money”.