People interviewed voluntarily as FCA seeks to clamp down on unlawful touting of financial services products

Britain’s financial watchdog has interviewed 20 social media influencers under caution, as it clamps down on “finfluencers” who may be touting financial services products illegally.

The 20 were interviewed voluntarily using the Financial Conduct Authority’s criminal powers. Potential penalties include fines and imprisonment of up to two years.