Gen Z turns to TikTok, Instagram for personal finance advice despite misleading investment tips ➡ The majority of Gen Z seek investing information information on Instagram (57%) and TikTok (52%), according to a recent study conducted by Qualtrics on behalf of Credit Karma. White investors (44%) are more likely to use a financial professional than either Black (28%) or Latino (23%) investors, according to FINRA. Some social media influencers are using their platforms to artificially inflate or depress the prices of stocks, according to Mark Gorzycki, an investor behavior expert. “There is a great deal of information that is good on social media platforms, but there is also a great deal of information that is bad, whether it’s people who don’t know what they're talking about or malicious intent, which is frightening for regulators,” says Gerri Walsh, president of the FINRA Investor Education Foundation. Go to USATODAY.com to read more.