The Globe and Mail reports in its Tuesday edition that the Alberta Securities Commission has found that a financial influencer broke securities laws by failing to properly disclose that he received payments from four companies in exchange for promoting their stocks on social-media platforms. The Globe's Alexandra Posadzki writes that a three-member ASC panel determined that James Domenic Floreani of Jayconomics Inc. engaged in investor relations activities by posting promotional content on behalf of four Canadian companies: Tenet Fintech Group, Gold Mountain Mining, Levitee Labs and Sekur Private Data. Mr. Floreani posted videos and other content discussing those companies on various social-media platforms including YouTube, where he had 50,000 subscribers; X; and Patreon, where he had 2,000 paid subscribers. The companies paid him in cash or shares for the posts. The next phase of the proceedings against Mr. Floreani will determine whether he faces any orders for sanctions or cost recovery. Canadian securities regulators are taking note of the growing popularity of financial influencers, known as "finfluencers," who use social-media platforms to disseminate advice on investing and managing money.