‘Popularity doesn’t equal credibility’: ASIC joins global finfluencer crackdown
ASIC has issued warning notices to “finfluencers” it suspects are promoting financial products and providing financial advice to Australians while not holding a licence. It’s part of the corporate watchdog’s action against unlicensed financial advice and they’ve teamed up with regulators from the UK, Canada, Italy and the UAE to disrupt finfluencer activity.
Regulation