The rise of social media influencers who share financial advice and investment tips, known as ’finfluencers,’ has become increasingly popular in recent years. These individuals use their online platforms to educate and inform their followers about various financial topics, including cryptocurrencies. However, the UK’s Financial Conduct Authority (FCA) has issued a warning to both ‘finfluencers’… Continue reading ‘Finfluencers’ and firms warned by UK that crypto meme ads can’t be misleading
Tag: firms
Meta firms fined in Australia over ‘Onavo Protect’ consumer protection breach
In a landmark case, a court in Australia has fined several meta-firms over consumer protection breaches related to their ‘Onavo Protect’ app. The Court of Federal Circuit of Australia found that the firms had breached Australia’s consumer protection laws by using ‘Onavo Protect’, an app developed and offered to consumers, to collect extraneous and personal… Continue reading Meta firms fined in Australia over ‘Onavo Protect’ consumer protection breach