
What About Regulatory Actions Against Financial Social Media Influencers?
The U.S. SEC recently filed charges against eight social media influencers in a $100 million securities fraud scheme. They used Twitter to build followers and direct them to their podcasts or Discord, which they used as a virtual boiler room to pump securities. They are seasoned stock manipulators. Twitter, TikTok, and Instagram are full of crypto influencers who recently also massively promoted the FTX scam. When will action be taken against them?