Why social platforms could be next in the financial influencer crackdown

Influencers who attract a life of luxury in the hustle and bustle — despite minimal work effort — are exploding on social media. Experts are now warning against buying guides and courses from rogue operators. “They're just selling a dream,” says Sandra Bourbon who herself ran an Instagram account focused on financial freedom.

Why social platforms could be next in the financial influencer crackdown

In South Africa, the Financial Sector Conduct Authority (FSCA) has just issued a stern warning to influencers who promote financial products online. The

Universitat Oberta de Catalunya The new generations learn to invest based on reels and applications that democratize access to markets. But do they really know what they do? UOC experts analyze the phenomenon of finfluencers, or financial influencers, and the role of fintechs in a new financial ecosystem that is not risk-free The pandemic revealed the power that can be held in markets by groups of idle young people with money in one hand and a m…