The Financial Conduct Authority said Thursday it has charged nine social media influencers and reality TV stars for promoting an unauthorized trading scheme online that dealt with high-risk financial products tied to foreign exchange rates. 
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FCA Charges Reality TV Stars Over Risky Investment Ads

By Christopher Crosby

The Financial Conduct Authority said Thursday it has charged nine social media influencers and reality TV stars for promoting an unauthorized trading scheme online that dealt with high-risk financial products tied to foreign exchange rates. 

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NCA Says Uyghur Cotton Probe Would Soon Unravel

By Ronan Barnard

The National Crime Agency defended on Thursday its decision to refuse to investigate imported cotton produced in a Chinese province with forced labor, telling an appeals court that it would be kneecapped by the difficulty of separating legal goods from criminal property.

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Meta Hit With EU Probe Over Child Safety Concerns

By Eddie Beaver

Meta was hit on Thursday with an investigation by the European Commission over concerns its Facebook and Instagram services could promote addictions in children.

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INVESTIGATIONS

Post Office's Ex-IT Head Says She Blocked Ex-CEO Requests

By Sophia Dourou

The Post Office's former head of information technology said she blocked phone communication from former chief executive Paula Vennells after Vennells contacted her for help to "avoid an independent inquiry" into the wrongful prosecutions of sub-postmasters, according to a document made public in the probe Thursday.

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LITIGATION

Russian Wealth Fund Fails To Curb EU Sanctions

By Eddie Beaver

The European Union's General Court has upheld sanctions against a Russian sovereign wealth fund, ruling it is the "archetypal" company for attracting international investors who sustain the country's war in Ukraine.

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COMPLIANCE

Nationwide Cited For Compliance Breaches In PPI Market

By Alex Davidson

The competition watchdog said on Thursday it has written to Nationwide Building Society, telling the lender that it had breached the rules by giving clients incorrect information about insurance covering mortgage repayments.

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LAW FIRMS IN TODAY'S NEWS

33 Chancery Lane

Bindmans LLP

Blackstone Chambers

Kingsley Napley

COMPANIES IN TODAY'S NEWS

Deloitte Touche Tohmatsu Ltd.

Instagram Inc.

Lloyds Banking Group PLC

Meta Platforms Inc.

Nationwide Building Society

Russian Direct Investment Fund

TikTok Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

European Commission

European Union

Financial Conduct Authority

HM Revenue & Customs

National Crime Agency