Charles Hunter, Kayan Kalipha and Luke Desmaris appeared before the Westminster Magistrates’ court, each person was accused of offense on social media positions.
People-often referred to as “Finfluencers”-are found to encourage social media fans to invest in Forex trading through high-risk products known as differences of differences, without authorizing the promotion of these investments.
The charges follow the FCA announcement in June 2025 of a coordinated global enforcement action aimed at illegal financial promotions by Finfluencers in multiple jurisdictions. As part of this operation, FCA authorized criminal proceedings against these three people.
All three defendants claimed that they are not guilty and will appear at the Southwark Crown Court for listening on October 8, 2025.
Individuals are accused of measuring the communication of an invitation for investment activity, as opposed to Article 21 (1) of the Law on Financial Services and purchases of 2000.
A person who violates Article 21 (1) of the Law on Financial Services and Purchases of 2000 may be punished by a fine and/or up to two years in prison.