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As for Finfluencer (Finfluencer), which is becoming increasingly popular in the region, the Malaysian Securities Regulatory Commission has finally taken steps to supervise and warn the relevant influencers that if they break the law, they may face heavy penalties!
The Securities Regulatory Commission announced today that in order to respond to the growing popularity of financial influencers and increase public awareness, the agency has updated its “Guidelines for Providing Investment Advice”.
“This update clarifies the Securities Regulatory Commission's regulatory expectations for financial influencers to share financial opinions and recommendations on social media.”
The point is that the latest guidelines state that recommending a capital market product on social media may require a license issued by the Securities Regulatory Commission under certain circumstances.
“For example, the act of influencers selling specific capital market products to their followers by sharing financial opinions or recommendations, in anticipation of receiving commissions or other returns from them will require a license issued by the Securities Regulatory Commission.”
Breaking the law is punishable by 10 million prisoners for 10 years
The Securities Regulatory Commission reminds all financial influencers that carrying out regulated activities without a license would be illegal and punishable under the 2007 Capital Markets Act (CMSA).
“Offenders will face fines of up to RM10 million, or up to 10 years in prison, or both.”
The full version of the above guidelines can be found on the Securities Regulatory Commission's website: https://www.sc.com.my/regulation/guidance-notes-and-guiding-principlesdownload....
The Securities Regulatory Commission announced today that in order to respond to the growing popularity of financial influencers and increase public awareness, the agency has updated its “Guidelines for Providing Investment Advice”.
“This update clarifies the Securities Regulatory Commission's regulatory expectations for financial influencers to share financial opinions and recommendations on social media.”
The point is that the latest guidelines state that recommending a capital market product on social media may require a license issued by the Securities Regulatory Commission under certain circumstances.
“For example, the act of influencers selling specific capital market products to their followers by sharing financial opinions or recommendations, in anticipation of receiving commissions or other returns from them will require a license issued by the Securities Regulatory Commission.”
Breaking the law is punishable by 10 million prisoners for 10 years
The Securities Regulatory Commission reminds all financial influencers that carrying out regulated activities without a license would be illegal and punishable under the 2007 Capital Markets Act (CMSA).
“Offenders will face fines of up to RM10 million, or up to 10 years in prison, or both.”
The full version of the above guidelines can be found on the Securities Regulatory Commission's website: https://www.sc.com.my/regulation/guidance-notes-and-guiding-principlesdownload....
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![The content involves selling products that require a license from the Securities Regulatory Commission to supervise financial influencers](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240719/1721357964724-c04bc96bbb.jpeg/thumb?area=104&is_public=true)
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$Taiwan Semiconductor(TSM.US$ It is normal that expectations have been exceeded at all. It's just that people in the US financial community are making a fuss; Taiwanese stocks have only declined slightly.
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$Taiwan Semiconductor(TSM.US$ Gokoku Kamiyama and Papa Wong are indeed connected
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$BigBear.ai Holdings(BBAI.US$ Price is at an important ancien support/resistance zone, right on the "0.618 Fibonacci retracement". Moreover, after breaking the 100, we almost touched the 200 EMA line. In the 1H chart, we can see golden crosses below. Several Bullish signals ^^
-93% on StockTwits's "user bullishness sentiment" on last 24h.
-93% on StockTwits's "user bullishness sentiment" on last 24h.
![Bullish Signals on BigBear Holdings !](https://ussnsimg.moomoo.com/sns_client_feed/73762176/20240718/1721263440369-random663-73762176-android-org.jpeg/thumb?area=103&is_public=true)
![Bullish Signals on BigBear Holdings !](https://ussnsimg.moomoo.com/sns_client_feed/73762176/20240718/1721263442276-random6648-73762176-android-org.jpeg/thumb?area=103&is_public=true)
![Bullish Signals on BigBear Holdings !](https://ussnsimg.moomoo.com/sns_client_feed/73762176/20240718/1721266982428-random4286-73762176-android-org.jpeg/thumb?area=103&is_public=true)
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.. $Five Below(FIVE.US$ warns for the current quarter and sacks the CEO. Readers will note that late 2023 into early 2024, FIVE suffered a double top reversal and that it has been all downhill from there. The stock has surrendered a rough 61% since that second apex back in March. Today creates a third unfilled gap on the way down. The stock now flirts with cracking the lower trendline of our Pitchfork model after having slid atop that central trendline for several months. ...
![Five Below (FIVE)](https://ussnsimg.moomoo.com/sns_client_feed/73699614/20240717/e5e95e35ce7b916cea4edf6af19ffd1d.jpg/thumb?area=100&is_public=true)
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$Maxeon Solar Technologies(MAXN.US$
I just placed more at .254, cause why the heck not. I love this stock. “1 Dollar is Inevitable!”![]()
I just placed more at .254, cause why the heck not. I love this stock. “1 Dollar is Inevitable!”
![Picture](https://ussnsimg.moomoo.com/sns_client_feed/73623925/20240717/ddc34f12341e66301b1f2b7a6de2c4fa.jpg/thumb?area=100&is_public=true)
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