The Tech Times has a story about a man namedGriffin Davis.
Over 10,000 misleading advertisements were blocked by the Financial Conduct Authority.
This was done by the U.K. based financial watchdog to protect consumers.
8,582 ads were ordered to be amended or removed by theFCA in its February report.
More than 1,700 notifications were posted by the watchdog.
FCA Concerned About Rising Fin-Fluencers?
According to The Guardian's report, fin-fluencers are increasing in social media.
Poland's UOKiK Alleges Amazon EU SARL of misleading practices.
According to the official press release, "'Fin-fluencers' have been a growing concern for the regulators."
Some people who are not authorized still share financial advice.
Since they'll be subject to regulations, they should stop their activities.
The organization stated that they had already taken action against regulated firm directors who used their personal profiles to advertise unauthorized financial traders.
Financial promotions are expected to be clear, fair, and not misleading.
The approach to tackling misleading ads has changed according to her.
Better technologies make it easier and faster for the FCA to identify and prevent misleading promotional content.
"Wherever we find them, we're going to make firms improve them or remove them completely," the official said.
They will continue to track down those who promote illegal investments on Facebook.
stricter policies for tech firms are still being considered, especially those that approve financial ads.
The link will take you to the latest report about misleading ads on online platforms.
Meta Dream denied the Bondee scam allegations.
The financial sector has seen an increase in the number of distributed denial of service attacks.
Financial ads and related stories can be found here at TechTimes.
There is a new law against hate speech.
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