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Growing popularity of ‘finfluencers’ may pose risks to investors: Finance experts
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Investors have no recourse against errant financial influencers because they are not regulated by the MAS.
PHOTO ILLUSTRATION: PEXELS
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SINGAPORE – The growing popularity of financial influencers has raised concerns about the risks they may pose to consumers who follow them for advice.
Most of these influencers share their knowledge, experience and views on social media platforms like TikTok, Instagram, Facebook and YouTube, while some also blog about investments.
