FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Instagram logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
A short video clip on the Molly Ramm Instagram account shows a young woman cruising down a sunbathed Dubai highway in a Lamborghini with the music blaring. She has a six-figure mindset, it says. But that may be changing.
In an unprecedented step against an Instagram influencer, the UK Financial Conduct Authority on May 2 warned people to “be especially wary of dealing” with the site, which is selling a financial product without the required authorisation from the regulator, according to a notice on its website. It didn’t take further action. No one responded to messages and calls to phone numbers listed on the social-media page, which was taken down May 3.
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