Jump to content
Investor's Community & Social Trading Network

(F)Influencer and Gamification


whipsaw
 Share

Recommended Posts

Quote

The Cyprus Securities and Exchange Commission (‘CySEC’) is pleased to announce that, as part of its ongoing endeavors to help investors make better-informed investment decisions and to reduce the number of people making high-risk investments that may not be appropriate for them, it is today launching a new investor protection campaign to help tackle the growing international scourge of investment harm.

Source: CySEC

https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=23743c09-75d8-4fd9-a5a1-0482ebce882e


ESMA made a similar announcement already last year

Quote

ESMA’s Statement on Investment Recommendations on Social Media

The European Securities and Markets Authority, the EU’s securities markets regulator, explains the rules that apply in situations where someone, based in or outside the EU, spreads information proposing an investment decision about EU financial instruments (e.g. stocks or bonds), aimed at a broad audience. Spreading information would include sharing an opinion about the present or future price of a particular stock for example. In EU law, this is called an investment recommendation.

https://www.esma.europa.eu/sites/default/files/library/esma70-154-2780_esmas_statement_on_investment_recommendations_on_social_media.pdf

Interesting part, last para

Quote

What happens if the rules are not respected? EU Regulators proactively track conduct, orders and transactions by investors in the market. If there is reason to do so, they investigate. If the rules relating to investment recommendations are not adhered to, there can be fines or  further supervisory actions, which may potentially include the referral to Public Prosecutors.

 

 

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...