Wisconsin DFI Issues Social Media and Online Trading Investing Advisory
MADISON, Wis. – While ever-evolving technology makes investing more accessible to greater numbers of people, informed investors know that technological democratization also brings significant risk. The Wisconsin Department of Financial Institutions (DFI) today issued an investor advisory to help raise awareness of the impact social media can have on investing and things investors should consider when using online trading platforms.
The advisory cautions investors to not make investment decisions based solely on online chatrooms or social media campaigns, and it provides an overview of how investors can avoid making emotional decisions that can negatively impact their investing strategy. It also discusses social investing, day trading, margin accounts, and share price volatility. The full advisory is available on the agency’s website here.
As with all investments, before making any financial decisions, DFI encourages investors to do their homework, ask questions, and contact DFI’s Division of Securities at (608) 266-2139 or email DFISecurities@dfi.wisconsin.gov for more information.