ASIC Warns on Unlicensed Finfluencers
from Adelaide News Today | 2 Min News | The Daily News Now!
Australias financial watchdog, ASIC, warns against four social media finfluencers pushing unlicensed investment advice to young Australians. These influencers, promoting guaranteed returns on shares, derivatives, and ETFs, lack the necessary licenses and could mislead users into poor investments. ASICs study reveals that 60% of young Australians prefer professional sources, yet they still fall for unreliable creators. Commissioner Alan Kirkland advises checking licenses via ASICs pro registers search and avoiding any promises of easy online money, as they could be illegal and result in severe penalties. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/5cdc8e666b42e1aa
Embed this episode
No transcript yet.