Avenue Securities to pay $300k fine for misleading social media promotions
Avenue Securities LLC has agreed to pay a fine of $300,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Avenue Securities LLC has agreed to pay a fine of $300,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Finfluencers are content creators that use digital channels and social media to drive financial behaviour and investment decisions.
Cobra Trading, Inc. has agreed to pay a $200,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
This case arises from FINRA’s targeted exam of firm practices related to the acquisition of customers through social media channels.
The SEC today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty.
Zach King has more than 80 million followers on TikTok, 29.3 million on Instagram, and 27.2 million subscribers on YouTube.
When posting on social media, influencers must disclose any conflicts of interest in a clear way, so investors would take notice of it.
Fundrise made cash payments to over 200 social media influencers and publishers of online newsletters to solicit clients.
The SEC brought partially settled charges against Francis Sabo (also known as “Ricky Bobby”) in a $100 million securities fraud scheme.
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