YouTube 'finfluencer' videos 'like talking about cars'

YouTuber Joshua Wang says his videos are either entertainment or educational content that fit within the FMA's guidelines. (Image: Screenshot)

Dan Brunskill

Tue, 29 Jun 2021

The Financial Markets Authority has warned influencers who discuss finance on social media not to stray into giving financial advice.The regulator has released a guide for influencers trying to show them how not to cross the line into becoming an unauthorised financial advisor.As the retail trading phenomenon has taken off, so has content related to financial markets ranging from absurdist memes about monetary policy to amateur stock-picking and equity research.On China-based video app TikTok the hashtag ‘stockstobuy’ has had 427 mi...

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