This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Platforms must tackle illegal 'finfluencers' more proactively, UK regulator says

By Phoebe Seers ( April 30, 2025, 16:17 GMT | Insight) -- Social media platforms must do more to take down illegal content online, a UK financial watchdog official said today. Lucy Castledine singled out Meta as particularly slow to respond to requests to remove accounts belonging to suspected illegal “finfluencers” in a hearing in Parliament's Treasury Committee. The Financial Conduct Authority official urged platforms to use their technology to learn from and identify illegal content, "otherwise we will be in a continual whack-a-mole."Social-media platforms were called out by the UK financial services watchdog today, with a senior official pressing for them to be more proactive in taking down illegal content online....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login