Tag: brokerage

A brokerage app hired an army of 1,700 influencers and misled investors on social media, regulators say—and it just got slammed with a massive fine

Regulators are taking aim at misleading investing advice on social media: Brokerage app M1 Finance just got fined $850,000 for hiring an army of influencers who advertised false claims about the company. FINRA, a government-sponsored nonprofit overseen by the SEC that regulates public brokerage firms, announced the fine Monday after an extended investigation into social […]