Unqualified individuals posing as financial experts on social media platforms are disseminating misleading investment advice.

The claim that unqualified individuals are posing as financial experts on social media and disseminating misleading investment advice is supported by multiple sources. A report by Social Capital Markets found that 71% of financial advice on platforms like TikTok, YouTube, and Instagram is misleading, with only 13% of influencers having the necessary qualifications to provide financial advice. Additionally, the New York Times highlights the rise of 'fin-fluencers' who often promote high-risk assets or unqualified advice, which can mislead everyday investors Entrepreneur, New York Times.