ESMA and National Competent Authorities issue a warning about the Market Abuse Regulation (MAR) concerning investment recommendations on social media.
MAR broadly defines investment recommendations, and compliance is essential to avoid sanctions. Different requirements apply to professionals, experts, and non-professionals, with additional obligations for the first two categories. Non-compliance risks market manipulation, insider dealing, and unlawful disclosure. We encourage companies, especially those with significant followings, to gather information, follow rules, and be aware of legal consequences before posting financial communications on social media.
Is this subject important for you? Then download the full text of the warning below.