Brits lost £63m to social media scams in a year
Men aged 19-25 most at risk of falling victim, with cryptocurrencies most common lure
Social Media
-
-
Advice firms in Asia report decline in British expat clients
While number of Chinese, local and south east Asian customers is on the up
-
UK online safety bill is ‘first step’ to tackle investment scams
‘Social media sites will have a duty to prevent sham’ schemes from appearing on their sites
-
63% of advisers eye M&A deals – globally
As 84% find Linkedin ‘vital, important or useful’ as a marketing tool
-
Instagram the latest hotspot for unregulated investment ads
Facebook said it welcomes ‘the expertise the FCA shares to help identify and remove this type of content’
-
Young people flock to high-risk investing
But are these thrill seekers playing with fire?
-
Social media ‘influencers’ are an untapped client pool
‘People aren’t taking them seriously’ and ‘do not understand the income that they can achieve’
-
Hong Kong regulator freezes accounts linked to social media scam
Other watchdogs in Singapore and Malaysia warned investors against trading incited in social media platforms
-
South African regulator warns of clone advice firms
They used names similar to Stanlib and PSG Wealth Financial Planning without authorisation
-
The worrying rise of the TikTok influencer-adviser
‘Trading gurus and cryptoasset cult followers are becoming more widespread’
-
Advisers warned about social media risks
While UK regulator to send out third covid-19 financial resilience survey
-
Nexus Global IFA network unveils marketing service
How firms build client confidence in 2021 ‘will be absolutely imperative to business growth’