COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
UK influencers face two-year imprisonment for promoting CFDs
- Several UK social media influencers have been charged by the Financial Conduct Authority (FCA) for promoting unauthorized investments.
- The influencers, with a combined following of 4.5 million, allegedly promoted complex contracts for difference (CFD) products without the required authorization.
- If convicted, they could face up to two years imprisonment.
UK social media influencers face legal action from the FCA for promoting high-risk investment products without authorization. The case highlights the potential risks and legal implications of financial promotions on social media.
FCA Charges Influencers for Unauthorized Promotions
The FCA announced on Wednesday that it has brought charges against several high-profile television personalities and Instagram influencers, alleging they were paid to promote investment schemes without the required authorization. The lawsuit names nine individuals, including TOWIE’s Lauren Goodger, Love Island’s Rebecca Gormley, and Geordie Shore’s Scott Timlin. They are scheduled to appear before Magistrates on June 13, 2024.
Risky Investments: Contracts for Difference (CFDs)
The regulator alleges that these individuals promoted a complex contracts for difference (CFD) product through their social media accounts without authorization. CFDs are high-risk investment products used to bet on the price movements of assets, in this case, foreign currencies. The FCA noted that 80% of customers typically lose money when investing in CFDs due to their inherent risks.
Implications for Social Media Promotions
This case underscores the potential legal implications of financial promotions on social media. The FCA has urged anyone who may have suffered financial losses related to this case to contact their consumer contact center. The case serves as a stark reminder to influencers and marketers to ensure they have the necessary authorization before promoting financial products and services.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Conclusion
The charges brought against these influencers highlight the FCA’s commitment to protecting consumers from unauthorized and potentially misleading financial promotions. It also underscores the importance of influencers understanding the legal implications of their promotional activities. As social media continues to be a powerful tool for financial promotions, it is crucial for influencers and marketers to adhere to regulatory standards to avoid legal repercussions.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |