Are influencers legally liable if they made a bad investment advice? Will they escape just because they said it is “not-financial advice”?
Lele Gold has shut down after an advisory from the SEC calls it a Ponzi Scheme. Investors are asked to wait for further notice.
Is the SEC’s advisory action vs Lele in the best interest of all parties involved, despite receiving mixed reactions from the public?
The SEC states that the mobile application is not registered as a corporation or partnership and operates without the necessary licenses.