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FINRA’s Landmark Action on Social Media Influencer Programs
FINRA Enforcement Update K. Braeden Anderson 8/14/24 FINRA Enforcement Update K. Braeden Anderson 8/14/24

FINRA’s Landmark Action on Social Media Influencer Programs

In a significant development, FINRA has imposed an $850,000 fine on a financial services firm for violations related to its use of social media influencers. This marks the first enforcement action by FINRA concerning a firm's supervision of social media influencer activities.

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