Australian court bans social media influencer ‘ASX Wolf’ from giving financial advice

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Permanent injunction issued against ‘finfluencer’ Tyson Robert Scholz who posted stock tips to paid subscribers

The federal court has issued a permanent injunction against a so-called social media “finfluencer” who posted stock tips to paid subscribers under the name “ASX Wolf”.

From early 2020 to November 2021, Scholz engaged in what the court ruled in December was a financial services business.

 

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