IOSCO demands tighter scrutiny over 'finfluencers'

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IOSCO demands tighter scrutiny over 'finfluencers'
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The International Organization of Securities Commissions puts a set of measures on the table to tackle risks from the “digitalization of retail marketing and distribution.”

The Board of the International Organization of Securities Commissions believes regulators on both national and international levels need more power to address increasing risks and challenges from the “digitalization of retail marketing and distribution.”on Oct.

“Digital fraudsters can hide behind a ‘digital veil’ that makes it difficult for regulators to locate, identify and take action against them.” The set of supervisory capacities that IOSCO recommends for national regulators to acquire includes regulatory channels to report consumer complaints for misleading and illegal promotions and evidence-tracking processes to cope with the fast pace and changing nature of online information.

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