How to Spot Finfluencer Red Flags
Quick Answer: A finfluencer is a social media personality who shares financial tips and opinions. The biggest red flags are missing disclaimers, pitching specific products, unclear credentials, one-size-fits-all advice, pressure to act fast and promises of guaranteed results. Before acting on any online tip, check the person’s background through free tools from the SEC and FINRA, and compare what several sources say.