UAE Capital Market Authority Joins Global Crackdown on Unregulated ”Finfluencers”; Reports 1,800% Surge in Certified Content Creators
The UAE Capital Market Authority (CMA) has joined international regulators in the “International Week Against Illegal Financial Influencers,” a global initiative designed to combat misleading financial content and unlicensed investment advice. Emphasizing its commitment to market integrity, the CMA highlighted the success of its licensing framework, which has seen the number of certified financial influencers grow by over 1,800% since its inception. Currently, 171 authorized influencers, with a combined reach of 24.6 million followers, operate under the CMA’s regulatory umbrella.
H.E. Waleed Saeed Al Awadhi, CEO of the Capital Market Authority, stated that ensuring the accuracy and transparency of financial information is a cornerstone of investor protection in an era where digital content directly shapes investment decisions. As part of the initiative, the CMA awarded accreditation certificates to graduates of the "Young Financial Advisors Program," conducted in partnership with the Federal Youth Authority. This strategic move aims to institutionalize responsible financial communication, ensuring that digital narratives align with high transparency standards and protect retail investors from online fraud.