Countries stop bad money ads from social media stars

Apr 24, 2026, 14:01

Introduction

The Financial Conduct Authority (FCA) is a UK regulator. It joined 16 other countries to stop illegal money ads on social media. The action started on April 20. It included enforcement, education, and asking social media companies to do more.

Main Body

Some social media stars give good money advice. But some give bad ads without permission. They show fake rich lives. This is against the rules. Regulators from Australia, Belgium, Brazil, Canada, Denmark, India, Ireland, New Zealand, Norway, and Singapore took part. They did enforcement actions, public awareness, and education. This followed a similar action in June 2025. In the UK, the FCA asked social media to remove 120 accounts. These accounts had 1,267 illegal ads. The ads reached over 2.3 million UK accounts. Two-thirds of these ads came from companies already on the FCA's warning list. The FCA wants social media companies to stop bad ads before they appear. Steve Smart said international work is important for protecting people. Sarah Coles said some influencers give bad advice with fake lives. She told people to check if a company is allowed to give advice. Use the FCA's online tool. If you use a bad company, you may lose protection.

Conclusion

This action shows regulators are working to stop bad money ads on social media. The FCA wants platforms to help and people to be careful.

Vocabulary Learning

advice (n.)
recommendation / an opinion about what to do建議
Example:Some influencers give bad advice with fake lives.
bad (adj.)
not good / of low quality or harmful壞的，不好的
Example:Some social media stars give bad money advice.
check (v.)
verify / to look at something to see if it is correct or allowed檢查
Example:You should check if a company is allowed to give advice.
money (n.)
currency / what you use to buy things錢
Example:The FCA wants to stop illegal money ads.
stop (v.)
cease / to not continue or to make something not happen停止
Example:The regulators want to stop bad ads on social media.

Sentence Learning

The action started on April 20.
Time Marker: 'on April 20' tells us when the action started.時間標記：「on April 20」告訴我們行動開始的時間。
But some give bad ads without permission.
Contrast Connector: 'But' shows a difference between good advice and bad ads.對比連接詞：「But」顯示好建議與不良廣告之間的差異。
In the UK, the FCA asked social media to remove 120 accounts.
Location Prepositional Phrase: 'In the UK' tells us where the FCA acted.地點介詞短語：「In the UK」告訴我們FCA採取行動的地點。
Two-thirds of these ads came from companies already on the FCA's warning list.
Source Prepositional Phrase: 'from companies' shows where the ads originated.來源介詞短語：「from companies」顯示廣告的來源。
If you use a bad company, you may lose protection.
Conditional Connector: 'If' introduces a condition that leads to a result.條件連接詞：「If」引入一個導致結果的條件。