The latest from the FCA who are taking action – albeit in slow motion – against so-called Finfluencers, who promote various financial investments using social media platforms. Should be an interesting series of court hearings, if they ever happen in 2027.
On 11 July 2024 at a plea and trial preparation hearing at Southwark Crown Court, Holly Thompson, Biggs Chris, Jamie Clayton, Lauren Goodger, Rebecca Gormley, Yazmin Oukhellou and Scott Timlin each pleaded not guilty to 1 count of issuing unauthorised communications of financial promotions.
Emmanuel Nwanze pleaded not guilty to providing advice on buying and selling contracts for difference (CFDs) while unauthorised to do so and 1 count of unauthorised communications of financial promotions.
Eva Zapico did not enter a plea at this time. A further plea hearing for her case was fixed for 26 September 2024.
Due to court availability, trial dates were fixed for 1 February 2027 and 15 March 2027 at Southwark Crown Court. These dates were the earliest the Court could accommodate this case.
Anyone who believes they have suffered loss in relation to this matter should call the FCA’s consumer contact centre on 0800 111 6768 (freephone).
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