The Charges
The Financial Conduct Authority (FCA) has charged three social media influencers for alleged unlawful investment promotions, according to a press release published on 17 September 2025. The case centres on posts that encouraged followers to invest in high-risk financial products without authorisation.
The Products
The promotions related to Contracts for Difference (CFDs), a type of derivative considered unsuitable for most retail investors due to the high risk of losses.
Legal Basis
Each individual faces a charge under Section 21 of the Financial Services and Markets Act 2000, which makes it an offence to communicate unauthorised financial promotions.
Court Proceedings
At a hearing in Westminster Magistrates’ Court, the defendants pleaded not guilty. The case is scheduled to continue at Southwark Crown Court in October 2025.
Wider Context
The FCA noted that this prosecution is part of a wider global crackdown on illegal financial promotions across social media. Regulators internationally have taken steps including takedown notices, cease-and-desist orders, and arrests.
Consumer Reminder
The case highlights that financial promotions must be clear, accurate, and made only by authorised persons or firms. Breaches can result in fines or imprisonment of up to two years.
