As young people pile into investing, they've been turning to social media for free tips and advice. A crackdown by ASIC means finfluencers will need to be licensed to provide financial advice or risk a $1 million fine and even jail time.
As young people pile into investing, they've been turning to social media for free tips and advice. A crackdown by ASIC means finfluencers will need to be licensed to provide financial advice or risk a $1 million fine and even jail time.