The Financial Industry Regulatory Authority has released a new report highlighting the growing influence of social media on investor behavior and the risks arising from the same.

Platforms, Broker-Dealers, Finfluencers In Focus

In a 16-page report released nearly two weeks ago, FINRA noted that “an increasing portion of investors report that social media content directly impacts their investing decisions,” and that social platforms are “particularly popular among younger generations of investors.”

The report noted that 45% of investors receive financial advice from the internet, with 24% reporting that their information comes from social media. Among those under 30, reliance on social media for investing information was significantly higher.

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