Tagged: influencers

France Financial Regulation: AMF and ARPP Join to Issue Responsible Influence Certificate in Finance

Qualification to Impact Crowdfunding, Digital Assets. The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP) have partnered on the “Responsible Influence Certificate” designed to create a seal of approval for social media influencers. The AMF says the partnership… Read More

Influencers Touting Financial Products: UK FCA Warns “Fin-Fluencers” on Pumping Investments, Get Rich Quick Ploys

The UK Financial Conduct Authority (FCA) and Advertising Standards Authority (ASA) have posted a notice putting influencers on notice not to promote “get rich quick” schemes or pursue “illegal financial promotions.” The FCA recently reported they pursued interventions 8582 times in 2022, more than 14X… Read More

Follow to Build Social Investment Platform to Automate Copying of Trades for US Equities

Follow, the “first” community-centric investment platform joining selected finance-focused influencers called ‘Leaders’ and individual investors launches with $9M in funding. As the “first” platform to automate copying of trades of US equities to US clients using a feature called SuperFollow at its RIA affiliate, Follow’s… Read More

SEC Guns for Influencers, Charges Eight with Manipulation Scam Using Twitter, Discord

The Securities and Exchange Commission (SEC) has filed fraud charges against eight influencers pertaining to a $100 million securities fraud plot. Simultaneously, criminal charges have been leveled at the individuals by the Department of Justice’s Fraud Section and the U.S. Attorney’s Office for the Southern… Read More

Crypto Scam: Realux, a Real Estate and Tokenization Project, Takes Investors’ Funds, Then Quickly Takes Down Website and Disappears

Realux, which claimed to be a real estate crypto project, reportedly paid social media influencers to support the idea that the initiative might help with addressing the wealth inequality issue by democratizing the real estate industry. However, the Realux project founders and team appeared to… Read More

Overfunding: UK’s Marketing Agency Influencer Quickly Surpasses £100,000 on Crowdcube

Less than a week after launching its equity crowdfunding campaign on Crowdcube, marketing agency Influencer has already surpassed its initial £100,000 funding target. The company notably connects brands with “famous individuals” (aka influencers) on social media as a way to generate buzz. The company stated… Read More

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