Social media influencers with a combined Instagram following of 4.5 million people have been charged in connection with promotions of unauthorized investments.
The Financial Conduct Authority (FCA), the City watchdog, has levied charges against individuals, including Lauren Goodger from the reality show “The Only Way is Essex,” and Biggs Chris, a former contestant on “Love Island.” This move comes after warnings from the FCA that it would crack down on misleading posts by so-called “influencers.”
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