‘Finfluencers’ and their role in the investment sphere come under scrutiny in Chocolate Finance saga
Observers urge caveat emptor as some financial influencers may not be licensed nor qualified
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[SINGAPORE] Chocolate Finance’s issues with customers’ instant withdrawals have placed the role of financial influencers, or “finfluencers”, in an uncomfortable spotlight.
A notable incident was financial blogger Seth Wee’s video on Mar 9 about Chocolate Finance’s withdrawal from payment platform AXS as a reason for him to take out his funds from the digital wealth player.
The financial blogger (*see amendment note) has a steady following of some 15,300 on his YouTube channel and has garnered about 55,000 views on that video, as at Mar 14. He also has about 27,600 subscribers on his Telegram channel.
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