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Beware of YouTube Finfluencers: Risks of Trusting Unregulated Investment Advice

August 21st, 2023 Latest Blogs

  1. Followers are coached to interpret these phrases as indicators of market movements.
  2. Some finfluencers establish partnerships with registered analysts (RAs) or create companies to give advice under the company's name but convey it differently on social media.
  3. By claiming partnerships with RAs, they direct followers to subscribe to additional channels for more tips, suggesting the advice is from the finfluencer and not the registered analyst.
  4. Manipulated profit screenshots and deceptive practices have led to skepticism and backlash from followers.
  5. Investors should exercise caution and seek advice from registered professionals.
  6. Thorough research and critical thinking are crucial to making informed investment decisions and safeguarding financial interests.
  7. They use coded language and phrases like "drinking tea" or "eating fruit" to convey market predictions and recommend buying or selling actions.

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