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Retail FX

Don’t Trust Fake Elon Musk Encouraging You to Invest, Warns Regulator

  • An AI-generated billionaire was said to cost one Australian $80,000.
  • ASIC warns against the increasingly common investment deepfakes.
Friday, 01/03/2024 | 07:26 GMT by Damian Chmiel
Retail FX

ASIC Gets Bankruptcy Order against Finfluencer ‘ASX Wolf’

  • The finfluencer failed to pay the regulator the cost of court proceedings.
  • He was banned from offering unlicensed services in April 2023.
Thursday, 29/02/2024 | 08:36 GMT by Arnab Shome
Retail FX

Regulating Finfluencers? France Brings 'Responsible Influence Certificate'

  • The certificate, already in existence since 2021, now focuses on financial influencers.
  • The test for the certificate contains 25 multiple-choice questions.
Monday, 11/09/2023 | 11:17 GMT by Arnab Shome
FinTech

SEC Slams Fundrise for Soliciting Clients through 200 Social Media Influencers

  • The regulator said the investment firm has agreed to pay $250K to settle the charges.
  • Financial watchdogs are increasingly cracking down on so-called 'fininfluencers'.
Tuesday, 22/08/2023 | 21:50 GMT by Solomon Oladipupo
Retail FX

FCA to Control 'Finfluencers' and Illegal Promotions on Social Media

  • The FCA wants to modernize the information that firms use in social media promotions.
  • The regulator continues its fight against rogue service providers.
Monday, 17/07/2023 | 08:53 GMT by Damian Chmiel
Retail FX

Finfluencers Had a Good Run, but the Party may Fizzle Out

  • Australia recently went after a major finfluencer, while Europe raised concerns.
  • Many celebrities were also fined for promoting fraudulent investments
Thursday, 18/05/2023 | 10:05 GMT by Arnab Shome
Retail FX

Largest Finfluencer Humprey Yang Has 54 Million Followers, Study Shows

  • Tori Dunlap and Taylor Price trail Yang with 26.9M and 21.9M followers, respectively.
  • A CySEC study recently found that only 31% of retail investors rely on 'finfluencers'.
Monday, 24/04/2023 | 10:35 GMT by Damian Chmiel
Retail FX

FCA Taps Love Island Contestant to Educate Finfluencers

  • The FCA and ASA jointly kicked off the education campaign.
  • Sharon Gaffka will help the agencies in the campaign.
Thursday, 06/04/2023 | 10:17 GMT by Arnab Shome
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