“It did not matter that the stories did not contain any overt recommendation to acquire the shares,” Justice Downes continued.
“It was enough that Mr Scholz referred to a company or its share in the stories, which was usually done in a way which indicated that he liked that company.”
Sarah Court“Financial services laws exist to protect investors if something goes wrong,” she said.
“The individuals who paid Mr Scholz for his tips, to attend seminars or access private online forums, as well as those individuals who purchased shares based on his recommendations or statements of opinion, did not have the benefit of these protections.”
has a handy list of guidelinesThe post A ‘Finfluencer’ Who Offered Paid Subscriptions & Seminars Got Done For Breaching Finance Laws appeared first on PEDESTRIAN.TV .
