Three finfluencers charged with illegal promotions make first court appearance
Charles Hunter, Kayan Kalipha and Luke Desmaris appeared before Westminster Magistrates’ Court.
Charles Hunter, Kayan Kalipha and Luke Desmaris appeared before Westminster Magistrates’ Court.
ASIC has issued warning notices to 18 social media ‘finfluencers’ suspected of unlawfully promoting high-risk financial products.
Financial regulators worldwide have been cracking down on the advertising of financial services, especially via social media.
Trials have been scheduled after the FCA charged 9 individuals in relation to an unauthorised foreign exchange trading scheme.
The FCA has brought charges against nine individuals in relation to an unauthorised Forex trading scheme promoted on social media.
Cobra Trading, Inc. has agreed to pay a $200,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Reddit’s IPO is the first public markets debut of a major social media player in almost five years, since Pinterest went public in 2019.
The FCA plans to take another significant step in its work to combat illegal and non-compliant financial promotions.
The SEC brought partially settled charges against Francis Sabo (also known as “Ricky Bobby”) in a $100 million securities fraud scheme.
The ACCC has this week started a sweep to identify misleading testimonials and endorsements by social media influencers.