The FCA has launched High Court proceedings against 24HR Trading Academy Ltd and its sole director, Mohammed Fuaath Haja Maideen Maricar for allegedly advising on investments via social media without FCA authorisation.

Financial Planning Today is revamping its Twitter accounts to give our 10,000+ Followers easier access to news alerts and updates.

LinkedIn remains the top choice of social media platform for advisers to promote their businesses but Facebook has gained the biggest increase overall, according to Intelliflo's annual social media survey.

New research has revealed that more than a third of UK retail investors have altered investments as a result of things they have read on social media.