Latest Social media News: Finextra Research

Regulators turn up the heat on social media-linked scammers

The US Financial Inustry Regulatory Authority (Finra) has warned investors to be on their guard against social media-linked ponzi schemes, in which scam artists use YouTube, Twitter and facebook to promote high-yield investment programmes (Hyips) with the promise of unrealistically high returns.

16 July 2010

News/Social media

Venezuela's Twitter bank rumour-mongers face jail terms - report

With speculation about potential government intervention in private banks raging, Venezuela's vice president has warned that people spreading "rumours" online though Twitter and blogs face up to 11 years in jail.

07 July 2010

News/Social media

PFM pioneer Wesabe goes to the wall

Personal financial management pioneer Wesabe is to shut down its operations after running out of money.

01 July 2010

News/Social media

Twitter settles FTC security charges

Twitter has agreed to settle Federal Trade Commission (FTC) charges that it deceived consumers and put their privacy at risk by failing to safeguard personal information.

25 June 2010

News/Social media

New players beat traditional banks in public trust stakes

With traditional high street banks losing public confidence in the wake of the financial crisis, online provider first direct and P2P lender Zopa have taken advantage to emerge as the industry's most trusted players, according to research from Moneywise magazine.

18 June 2010

News/Social media

FSA warns on social media financial promotions

The FSA says financial firms must ensure they provide appropriate risk warnings when using new media such as social networking sites, blogs and forums to promote products and services.

15 June 2010