Business · Companies · 4 hrs ago

Spain’s market regulator urges greater responsibility from financial influencers

Spain’s market regulator urges greater responsibility from financial influencers

Spain’s CNMV is seeking more professional standards for financial influencers who discuss money and investing on social media.

Their videos and posts reach savers, including younger people, as digital banks and brokers make investing easier to access.

The creators range from financial educators to traders who share paid investment strategies.

In Spain, only people who actively give investment advice must register with the regulator, so many educational creators do not fall under that requirement.

The CNMV says investor protection is a shared responsibility, as financial scams spread through social media.

At a CNMV event, creator groups called for closer cooperation with regulators, while a digital bank said it closely reviews the creators it works with.

The discussion points to closer cooperation between creators and regulators, but no specific rule changes were announced in the available information.

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What people are saying

Paloma MarínCNMV vice-president
influence comes with responsibility
via El Mundo
investor protection is a shared task in the new social media ecosystem
via El Mundo
Carlos San BasilioCNMV president
the retail investor must have confidence in the system
via El Mundo
Sergio BarredaAssociation of Digital Influence Professionals of Spain representative
it is absolutely necessary to collaborate with regulators
via El Mundo