“Trusting Finfluencers Leads to Ruin”… Financial Authorities Strengthen Investigation Into Social Media Insider Trading

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Trusting 'Finfluencers' Can Lead to Ruin: Financial Authorities Strengthen Investigations into Social Media Insider Trading. The Financial Services Commission and the Financial Supervisory Service are intensifying their crackdown on insider trading on social media. This decision stems from the assessment that acts of spreading false information and rumors to encourage buying have increased, taking advantage of heightened stock market volatility …

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Financial authorities are launching intensive inspections and high-intensity investigations into unfair trading practices by "Finfluencers" (financial influencers) who use social media and securities broadcasts to cause investor losses in the volatile market caused by the recent situation in the Middle East.