FINRA Warns of Social Media's Risks in Finance
Update: 2025-12-23
Description
Social medias impact on investing is under scrutiny as FINRA launches a public comment period on the topic. A new report highlights the dangers of relying on unqualified finfluencers for investment advice, with many offering inaccurate, misleading, or biased information. Without clear disclosures on conflicts of interest, investors may make poor decisions based on shaky advice. Advisors are stepping in to counter the bad advice, sharing solid content on platforms like YouTube, LinkedIn, and Instagram to build trust and attract new clients. The pushback against unqualified advice could finally bring a reality check to online finance advice.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
