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Canadian regulators warn about risks of financial advice from unlicensed social media influencers.
Canadian regulators are warning about the risks of "finfluencers" after studies show many Canadians follow their financial advice and take action.
Experts warn that many influencers lack proper credentials and may promote scams like "pump-and-dump" schemes.
Regulators urge investors to verify professionals through official databases and consult licensed advisors rather than relying solely on social media.
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Los reguladores canadienses advierten sobre los riesgos del asesoramiento financiero de personas influyentes en las redes sociales sin licencia.