Pivoting away from social commerce and fraud allegations against founders have jeopardized the short-video app. Its latest financials bear testimony to the grim state of affairs.
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The YouTuber is in the crosshairs of all branches of the government for his poor joke. The actual joke could be on the notion of free speech in the country.
The regulator has eased the eligibility criteria to become a registered investment advisor, but the compliance procedures could still make social media influencers offering financial advice wary of registration.
Reacting to the recently released draft rules, experts say they will likely fail in their objective unless a lot more work goes into creating public awareness and finding feasible solutions.