EC HTN^ Posted February 7, 2021 Share Posted February 7, 2021 Po[CENSORED]r creators on breakout social media platform TikTok are jumping on the stock market bandwagon, exposing millions of viewers to misleading financial advice, new analysis suggests. An investigation into more than 1,000 stock-related TikTok videos by crypto exchange Paxful found that 14% failed to offer any sort of disclaimer that might warn viewers of the risks. These videos had a combined 28.4 million views and 3.6 million likes. Much of the offending content advised followers to purchase specific assets, as opposed to a broader asset class or genre, and were often guilty of implying guaranteed profit or suggesting a specific purchase volume. Check out our list of the best stock trading apps out there Here's our list of the best forex trading services around We've built a list of the best crypto exchanges right now More than half (52%) of the TikTok accounts analyzed had published at least one “misleading” post, the vast majority (60%) of creators failed to include a disclaimer in their bio and just 10% offered information about their qualifications. Link to comment Share on other sites More sharing options...
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