March 25, 2026
A California federal judge dismissed a proposed class action against Meta over ads on its platforms from scammers impersonating financial professionals to run pump-and-dump investment schemes, saying unlike recent cases that could "disrobe" Meta of immunity under Section 230 of the Communications Decency Act, the plaintiffs didn't allege Meta co-created the ads.
October 08, 2025
Meta Platforms Inc. is knowingly publishing and profiting from scam advertisements that unlawfully impersonate licensed financial professionals to ensnare social media users in fraudulent investment schemes involving thinly traded China-based securities, two financial professionals allege in a proposed class action in California federal court.