finfluencer

Financial planning

‘ASX Wolf’ finfluencer hit with bankruptcy orders

ASIC has successfully obtained orders to bankrupt finfluencer Tyson Scholz for his failure to pay Federal Court costs of more than $450,000....

Financial planning

ASIC takes bankruptcy action against banned finfluencer

The corporate regulator has taken ‘ASX Wolf’ Tyson Scholz to the Federal Court with a creditor’s petition after he failed to pay more than $450,000 owed to ASIC. ...

Editorial

Why (licensed) finfluencers could be the missing piece in the advice puzzle

Contrary to claims that finfluencers are a more accessible alternative to advisers, this licensed finfluencer believes she plays a complementary role towards easing inves...

Financial planning

Over $1.5bn lost to investment scams in 2022

The latest Targeting Scams report has revealed Australians lost over $1.5 billion in investment scams in 2022, with the number targeted for investment scams via social me...

Funds management

Court finds finfluencer contravened law with financial product advice

A finfluencer who offered seminars in share trading has been found by the Federal Court to have contravened the Corporations Act by providing financial product advice wit...

Policy & Regulation

ASIC makes first ‘pump and dump’ social media conviction

The corporate regulator has made its first conviction of an individual for using social media to co-ordinate a ‘pump and dump’ scheme of listed stocks. ...

Financial planning

ASIC seeks to restrain Tyson Scholz from promoting financial services

Tyson Scholz is suspected in carrying on a financial services business and promoting courses and seminars on Twitter and Instagram without a licence....