Tagged: Finfluencers

QuantMap Co-Founder Ivan Patriki Sounds Alarm On Financial Influencers – “Finfluencers”

With more than 350,000 followers across Instagram, YouTube, and TikTok, QuantMap co-founder Ivan Patriki understands how influencers, or “Finfluencers,” succeed. But he also sees many ominous signs in that sector. Patriki’s response is QuantMap, a monthly subscription service bringing institutional-grade tools to retail investors. He seeks… Read More

Finfluencers are Negatively Impacting Consumers Instead of Enabling Financial Literacy and Inclusion : Analysis

Finfluencers are actively harming consumers and preventing them from achieving financial independence. Unsuspecting social media users are increasingly being subjected to flashy posts where people are shown driving fancy cars and flaunting their wealth but these are usually just props. In order to achieve true… Read More

UK’s FCA, Australia’s ASIC, Canada’s OSC, Other Regulators Launch Crackdown on Finfluencers

Financial authorities from the United Kingdom, Australia, and Canada have joined forces with their international peers for a dedicated “week of action.” The campaign brought together leading oversight bodies to tackle challenges posed by financial influencers—often called finfluencers—who promote investment products and advice on social… Read More

UK Financial Conduct Authority Joins Other Regulators in Cracking Down on “Finfluencers”

In general, celebrities and influencers are typically most beneficial when others are telling them what to do and how to act. Otherwise, they really should be ignored. This is even more important when it comes to policy and financial advice. Well, the UK Financial Conduct… Read More

Here Are Draft Recommendations by the SEC Investor Advisory Committee Regarding “Finfluencers”

In a meeting today, the Securities and Exchange Commission’s Investor Advisory Committee (IAC) published draft recommendations regarding the rise of “Finluencers”—individuals who may promote securities offerings on social media. While the IAC may submit recommendations to the Commission, there is no requirement for the SEC… Read More

UK’s FCA Targets Illegal Finfluencers in Crackdown

The Financial Conduct Authority (FCA) is intensifying its efforts to curb illegal activities by financial influencers, commonly known as “finfluencers“, who may be promoting financial services unlawfully. As part of a targeted crackdown, the regulator has issued 38 alerts against social media accounts run by… Read More

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