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

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

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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”.

Queensland justice Kylie Downes on Thursday issued the order forbidding Tyson Robert Scholz from hosting paid online groups in which messages were exchanged about share trades without an Australian Financial Services Licence.

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Law (Australia) | The Guardian