Regulators had launched raids in 2021 into trading with a Sydney stockbroker and an influencer. A confession was extracted, only on a civil penalty basis.
‘Finfluencers’ who use social media to promote listed stocks are in regulators’ sights. That's the message from Australia’s securities regulator, the Australian Securities and.
The Swami judgement will pile more pressure on ASIC to monitor and take action against misleading and deceptive conduct on sharemarket forums, a fund manager added.
Australian shares are expected to surge even after US stocks suffered and the Bank of Japan caught markets off guard. US Treasuries slumped. The $A was down.
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