Tag: Instagram

FCA takes action against social media marketing of FreetradeU
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February 13, 2022

Under scrutiny! FCA takes action against Freetrader and its influencer marketing strategy!

Social media is a powerful marketing tool, and influencers are the name of the game. The best influencers on Instagram and TikTok earn millions. Regulated financial institutions and scammers deploy influencers to chase after clients and victims, respectively. Lately, the UK FCA has taken action against Freetrade and ordered the regulated broker to remove all paid-for sponsored influencer advertisements and posts across all social media platforms, including without limitation Instagram, TikTok, Facebook, and YouTube.
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CNVM warnst against Bitcoin Evolution fraud campaignS
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January 24, 2022

Spanish watchdog issues warning against Bitcoin Evolution fraud campaign

FinTelegram has focused on fighting fraudulent marketing campaigns in the crypto space in recent weeks that are used to trap victims for illegally operating brokers. Google UK & Ireland has already shut down the promotion of such campaigns by tightening the condition of financial ads. Last week, the German BaFin issued a Cease and Desist Order against Bitcoin Revolution. Today, the Spanish CNMV issued a warning against Bitcoin Evolution. It's going in the right direction, but it's not enough.
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Investor warning against META Token scamU
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January 4, 2022

Urgent Warning! Stay away from the fraudulent META Token ICO

Meta Platforms, Inc. is the new name of Mark Zuckerberg's company that operates the world's largest social media platforms, Facebook and Instagram, as well as the messenger service WhatsApp. Currently, the META Token is being sold via the Meta ICO website with the logo of Zuckerberg's company and a picture of Mark Zuckerberg, labeled as the founder. A total of 15 million META tokens are expected to be sold in the pre-sale. Stay far away; this is a scam and has nothing to do with Zuckerberg.
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