Black Wolf Pit News Today

ASIC has successfully obtained orders to bankrupt finfluencer Tyson Scholz for his failure to pay Federal Court costs of more than $450,000.

The corporate regulator has taken ‘ASX Wolf’ Tyson Scholz to the Federal Court with a creditor’s petition after he failed to pay more than $450,000 owed to ASIC.

With finfluencer Tyson Scholz receiving a permanent injunction, a global regulatory report, co-chaired by ASIC, has shed light on what the future could look like for finfluencers and the firms who work with them.

The Federal Court has issued a permanent injunction against finfluencer, Tyson Scholz, to prohibit him from carrying on a financial services business.

A finfluencer has been found guilty of contravening the Corporations Act by carrying on a financial services business without a licence.   The Federal Court has found social media ‘finfluencer’ T

ASIC has notched a win in a case looking at the Gold Coast trader’s use of social media and chat groups to “pump” stocks.

ASIC has followed up on its promise to crack down on 'finfluencers' suspected of providing financial services without a license and sought a restraining order on Tyson Scholz, a Gold Coast share trader whose 23,000 Instagram followers know him as "ASX Wolf". 

Tyson Scholz is suspected in carrying on a financial services business and promoting courses and seminars on Twitter and Instagram without a licence.