Close Menu
  • News
    • Broker News
    • Tech News
    • Institutional trading
    • Interviews
  • Analysis
    • Newsletters
    • Prop Weekly
    • Marketing Newsletter
    • Guest Posts
  • Learn
    • Start a broker
    • FX CFD Licensing
    • Liquidity
    • Regulations
  • About
    • What is TradeInformer
    • Who runs TradeInformer?
    • Contact
  • Subscribe
LinkedIn WhatsApp YouTube
TradeInformer
Subscribe
  • News
    • Broker News
      • Hasan Hamd
        Hasan Hamd joins Cara Markets as Chief Commercial Officer
      • central damascus
        Binance starts onboarding Syrian clients after US sanctions suspended
      • plus500 ad italy
        US asset manager Capital Group takes 5.4% stake in Plus500
    • Tech News
      • IC Markets cTrader
        IC Markets goes live with cTrader Copy widget enabling copy trading directly from client area
      • Fortress Core Connect
        Fortress Core Connect partners with Centroid Solutions
      • OctaFX
        Singapore regulator to block access to OctaFX website
    • Institutional trading
      • Hesham Hesanin
        Rostro Group appoints Hesham Hasanin as Head of Trade Solutions
      • Daniel Lawrance CEO of Scope Prime
        Scope Prime onboards ZXCM as first broker in its Strategic Partnership Programme
      • Standard Chartered
        ATFX Connect adds Standard Chartered as FX prime broker
    • Interviews
      • Gareth Hazelden
        Atlantic Capital Markets: Cornwall, Dubai, and a 77k client database
      • Tom Fawcett Onyx Markets
        Building a new UK broker, with Onyx Markets Dealing Head Tom Fawcett
      • Todor Georgiev
        Exclusive: Todor Georgiev on launching prop firm Funded7
  • Analysis
    • Newsletters
      • Shanghai Skyline
        What happened to MetaTrader in China?
      • Trade Republic app
        BaFin, turbo restrictions, and Trade Republic
      • Bullwaves t-shirt
        Can you start a forex broker in 2025?
    • Prop Weekly
      • ThinkCapital
        Did prop trading save ThinkMarkets?
      • Banc de Binary
        No, prop trading is not the next ‘binary options’
      • My Forex Funds
        CFTC and My Forex Funds tell us nothing about US prop regulations
    • Marketing Newsletter
      • Axi branding at Bahia football match
        Brokers are sponsoring EM sports teams
      • Pump those numbers
      • swissqote logo
        Does branding matter?
    • Guest Posts
      • XM app
        XM Responds to the Possibility of Blocked Platform in Singapore
      • cTrade best mobile trading app
        cTrader wins best mobile trading app at Global Forex Awards B2B 2025
      • ATFX FMAS
        ATFX Reinforces Commitment to Africa’s Trading Growth at FMAS 2025 
  • Learn
    • Start a broker
      • FTMO office
        How to start a prop firm for funded traders
      • Start a forex business (that isn’t a broker)
      • St Vincent and the Grenadines
        Cheapest country to start a forex broker
    • FX CFD Licensing
      • Mauritius airport
        FX/CFD license in Mauritius
      • Seychelles island
        Start a FX/CFD broker in the Seychelles
      • Labuan FSA
        Start a forex broker in Labuan
    • Liquidity
      • trading chart on a screen
        How do prop firms make money?
      • metatrader application on phone
        STP vs A-book for FX/CFD brokers
      • IG Prime branding
        What is a prime of prime broker?
  • About
    • What is TradeInformer
    • Who runs TradeInformer?
    • Contact
YouTube LinkedIn WhatsApp
TradeInformer
YouTube LinkedIn WhatsApp
Subscribe
Home » 3 affiliates arrested in UK, with UAE’s SCA joining global ‘finfluencer’ crackdown

3 affiliates arrested in UK, with UAE’s SCA joining global ‘finfluencer’ crackdown

June 6, 20252 Mins Read Broker News
UK finfluencer cartoon
Share
Twitter LinkedIn Copy Link Telegram WhatsApp

The UK’s Financial Conduct Authority (FCA) announced on Friday that it led a global crackdown on unregulated ‘finfluencers’ over the course of this week.

Nine regulators from Australia, Canada, Hong Kong, Italy, United Arab Emirates and UK joined the crackdown.

In the UK, the FCA said its work led to three individuals being arrested by the City of London Police.

Three individuals also had criminal proceedings commenced against them.

On top of this, four ‘finfluencers’ have been invited to talk to the regulator, another seven have had cease and desist letters sent to them, and 50 warning alerts have been published.

SCA joined the ‘finfluencer’ crackdown

Although the Aussie and Italian regulators may be of note, the fact that the UAE’s Securities and Commodities Authority took part in the operation is particularly striking.

Firstly, the regulator announced a new license for so-called ‘finfluencers’ last week. It’s entirely plausible these events are connected.

More importantly, Dubai has become a hub for many IBs and affiliates from the UK and Europe, not just brokers. Because they are based there and have companies registered in the emirate, they have largely been able to put themselves out of European regulatory oversight.

The fact that the FCA and SCA coordinated on this crackdown suggests there may be trouble ahead for that business model.

FCA
Previous ArticleSTARTRADER hires Muhammad Padhani as Chief Commercial Officer
Next Article Singapore regulator to block access to OctaFX website

Related Posts

Hasan Hamd joins Cara Markets as Chief Commercial Officer

June 12, 2025

Binance starts onboarding Syrian clients after US sanctions suspended

June 12, 2025

US asset manager Capital Group takes 5.4% stake in Plus500

June 12, 2025
Add A Comment
Leave A Reply Cancel Reply

Latest News

XM Responds to the Possibility of Blocked Platform in Singapore

Guest Posts June 12, 2025

XM has issued a response to the Singapore regulator’s prospective decision to block access to its website later this month.

Rostro Group appoints Hesham Hasanin as Head of Trade Solutions

June 12, 2025

Hasan Hamd joins Cara Markets as Chief Commercial Officer

June 12, 2025
YouTube LinkedIn WhatsApp
  • News
    • Newsletters
    • Interviews
    • Broker News
    • Tech News
    • Guest Posts
  • Learn
    • Start a broker
    • FX CFD Licensing
    • Liquidity
  • About
    • What is TradeInformer
    • Who runs TradeInformer?
    • Contact
    • Terms and Conditions
    • Privacy Policy
  • Follow
    • LinkedIn
    • YouTube
    • WhatsApp
© 2025 TradeInformer

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.