Social media playing increasingly significant role in younger investors’ decisions: AMF study
Younger investors and clients of neo-brokers are more responsive to information shared on social media.
social media influencers
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).
CySEC revises ‘finfluencer’ guidelines covering financial promotions on social media
Finfluencers are content creators that use digital channels and social media to drive financial behaviour and investment decisions.
Cobra Trading to pay $200k fine for misleading promotions by influencers
Cobra Trading, Inc. has agreed to pay a $200,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
M1 Finance fined $850K around Social Media Influencer Program
This case arises from FINRA’s targeted exam of firm practices related to the acquisition of customers through social media channels.
Van Eck Associates to pay $1.75M to settle SEC charges over failure to disclose influencer’s role in connection with ETF launch
The SEC today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty.
CAPEX.com expands collaboration with brand ambassador Zach King
Zach King has more than 80 million followers on TikTok, 29.3 million on Instagram, and 27.2 million subscribers on YouTube.
ESMA sets requirements when posting investment recommendations on social media
When posting on social media, influencers must disclose any conflicts of interest in a clear way, so investors would take notice of it.
SEC charges Fundrise for paying influencers in violation of cash solicitation rule
Fundrise made cash payments to over 200 social media influencers and publishers of online newsletters to solicit clients.
SEC charges social media influencer “Ricky Bobby” in stock manipulation scheme
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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