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MSWG Weekly Newsletter 2 August 2024 (English)

Scroll, like, invest? Navigating the world of finfluencers

The rise of "Finfluencers" on social media has made financial advice more accessible and engaging, especially for Gen Z. However, concerns over misinformation, fraud, and unlicensed advice have prompted global regulatory crackdowns, including actions by SC Malaysia. As Finfluencing grows, public prudence and vigilant regulation are crucial.