Introductory remarks:

• Pasquale Munafò, Chair of IOSCO’s Committee on Retail Investors (Committee 8)
• Gloria Caballero Núñez, Deputy Director Financial Education Strategy and Institutional Relations, Comisión Nacional del Mercado de Valores (CNMV), Spain

Moderator:

• Lyn Mak, International Affairs Department, Securities Commission Malaysia

Speakers:

• Tyler Fleming, Director, Investor Office, Ontario Securities Commission
• Gerri Walsh, President, FINRA Investor Education Foundation and Senior Vice President, Investor Education, FINRA

In conjunction with IOSCO’s World Investor Week 2023,the Hub organised a workshop panel discussion on financial influencer (“finfluencer”) regulation which covered key topics: what constitutes a ‘finfluencer’, broker-dealer roles in relation to public communication responsibilities, the impact of social media on Gen-Z investors and their financial decision-making, behavioral insights such as parasocial relationships, the importance of disclosure and media literacy, leveraging on technology for investor education, as well as the need for global cooperation in harmonising regulations for finfluencers’ activities.

* Further information with respect to Roaring Kitty (Keith Gill) or the finfluencers promoting GameStop [42:57] – while action hasn’t been taken against the individuals, the Massachusetts regulator settled an action with Gill’s ex-employer for failure to supervise.