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Rethinking the Regulation of Financial Influencers

The growth of social media has led to an unprecedented rise in financial influencers, so-called finfluencers, who share investment ideas and opinions with a global audience, even if they are not qualified or licensed to provide financial advice. This can be particularly dangerous for retail investors with low levels of financial literacy. The regulation of financial influencers is a complex and multifaceted issue that demands a comprehensive approach; the current regulatory framework may not be adequate. ....

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