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The deputy named the advantages of creating a Central Bank register of financial bloggers

MP Panes: the register of financial bloggers will help to avoid manipulation
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Photo: IZVESTIA/Konstantin Kokoshkin
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The creation of a register of financial bloggers and the introduction of requirements for their qualifications will avoid market manipulation through social media. This was stated to Izvestia on January 18 by State Duma deputy, Deputy Chairman of the Budget and Taxes Committee Kaplan Panes (LDPR).

According to him, many influencers actually broadcast advertising materials without understanding the essence of investment instruments. As a result, citizens lose their savings by investing in questionable projects or securities, the demand for which is artificially generated through Telegram channels.

"Market manipulation through social media is no longer a theory, but a proven fact that the Central Bank has encountered in practice. That is why it is important to introduce qualification requirements for such advisers. A person who undertakes to teach others how to handle money must have a specialized education and work experience in this field. We are not talking about difficult exams, but basic knowledge must be confirmed. For example, having a diploma of higher economic education, a financial market certificate, or work experience in a bank or investment company," he said.

He also stated that there is no ban on discussing economics or personal investment experience. However, if a blogger with an audience of thousands gives direct recommendations on the purchase or sale of assets, this, according to him, already goes beyond his opinion and becomes a public consultation, for the quality of which responsibility must come.

In his opinion, mandatory labeling of advertising materials will allow the audience to distinguish between personal position and commercial promotion. He noted that the proposed measures are aimed at protecting citizens and increasing market transparency.

On February 17, the Central Bank of Russia proposed discussing the need to create a register of financial influencers, introduce requirements for their qualifications and establish responsibility for the quality of information disseminated. It was clarified that many citizens who do not have sufficient knowledge rely on the recommendations of such people, which can lead to erroneous financial decisions.

All important news is on the Izvestia channel in the MAX messenger.

Переведено сервисом «Яндекс Переводчик»

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