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ASIC Warns Finfluencers, Gen Z Urged to Be Cautious
Published 1 month ago
Description
ASIC warns four finfluencers for unlicensed advice, misleading claims; reviews licensees of fifteen more. Gen Z heavily relies on social media for financial advice, with 63% seeking tips online. Experts warn of risks and low financial literacy, suggesting better education and accreditation for finfluencers.
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