The Central Bank wants to increase the responsibility of bloggers and Telegram channels for investment advice

The Central Bank (CB) considers it necessary to increase responsibility for illegal investment advice coming from bloggers and Telegram channels, said Mikhail Mamuta, member of the Board of Directors of the Central Bank. According to him, the ban on attracting money from individuals to companies not supervised by the regulator will also help protect the funds of Russians.

He told RIA Novosti that in the Central Bank “not to say that massively, but complaints are received.” “Unfortunately, often people who call themselves investment advisers are not, that is, they are not members of the SRO of the financial market and are not included in the register of investment advisers maintained by the Bank of Russia. People follow some kind of advice from telegram channels, often anonymous, generally unknown people, or advice like a guru,” said Mr. Mamuta on the sidelines of the St. Petersburg International Legal Forum.

In his opinion, the consequences of illegal investment advice are “close to the abuse of the right.” The Central Bank believes that “the regulation of the institute of investment advisers needs to be improved.” In particular, it is necessary to establish what is an investment recommendation, who can give and what are the consequences of this. “We also support a bill that would prohibit raising funds from citizens in companies that are not under the supervision of the Central Bank, because there is no other way to win,” Mikhail Mamuta specified.

Last week the Central Bank launched educational project “Rublerost”, imitating the site of a financial pyramid. Its goal is to help Russians not fall for the bait of scammers. The site imitates the most common variants of scam schemes that are common on the network. In particular, the project explains that users need to be on their guard when someone promises them high income with minimal effort.

Details – in the material “Kommersant FM” “Financial literacy will be increased effortlessly”.

Laura Keffer