The Securities and Exchange Commission (SEC) has issued a warning to influencers and bloggers, cautioning them against promoting unregistered investment schemes. The SEC emphasizes that endorsing such schemes can lead to legal repercussions and financial losses for consumers.
The commission highlighted the importance of promoting only licensed and regulated investment opportunities. Many unregistered schemes can be fraudulent, posing risks to unsuspecting investors.
SEC officials urged influencers and bloggers to verify the legitimacy of any investment before sharing it with their followers. By doing so, they can help protect the public and maintain the integrity of the financial market.
The SEC’s warning aims to raise awareness and encourage responsible promotion of investment products in the digital space.
