Exclusive-Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices slide over 2% on Iraq-Kurdish supply deal; Iran fears persist Up 31%+, this AI-picked energy infrastructure play is a Middle East conflict win Wall Street extends this week’s rebound a day ahead of Fed interest rate decision Oil inventories seen falling to record lows in April amid Hormuz disruptions FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Exclusive-Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week By Stock Markets Published 03/18/2026, 02:03 AM Updated 03/18/2026, 02:12 AM Exclusive-Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week 0 META -0.76% By Phoebe Seers, Tommy Reggiori Wilkes and Jeff Horwitz LONDON/SAN FRANCISCO, March 18 - U.S. tech giant Meta has repeatedly failed to stop illegal ads for high-risk financial products running on its platforms in Britain, despite committing to block them, according to a review by the country’s financial regulator. Britain’s Financial Conduct Authority found that during one week in November, 1,052 ads for currency trading and certain complex financial instruments were posted on Meta’s platforms by advertisers not authorised by the regulator to promote them. What’s more, 56% of those ads were from an unspecified number of unauthorised advertisers the FCA had already flagged to Meta, according to the results of the review seen by Reuters and reported here for the first time. Worldwide, billions of users of Meta’s platforms have been exposed to ads for fraudulent e-commerce and investment schemes, illegal online casinos and banned medical products, according to internal Meta documents previously reported by Reuters. Britain’s FCA warned last year that people were increasingly being targeted on social media by online trading scams where fraudsters offer currency trades. Its review was an attempt to see how successful Meta has been at weeding out the rogue ads. Asked about the...
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