Business Today

CLIPPED INFLUENCE

IT WAS A long time coming. Financial influencers, or ‘finfluencers’ in market parlance, had been under the scanner for a while. Government officials and regulatory bodies—across the globe—had thought long and hard on ways to regulate the actions of these individuals as some of them had assumed cult status with millions of followers on social media platforms.

Besides, the regulators had to act fast to ensure that unsuspecting investors would not end up losing

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