Posts tagged "finfluencers"

ASIC is doing little to stop thousands of retail shareholders being shafted in badly structured capital raisings compiled by global investment banks and complicit boards, says Stephen Mayne.

ASIC has begun cracking down on so-called ‘finfluencers’: people using social and other media to peddle financial advice without having the required qualifications to do so.

Finfluencers rule the wild west for financial information, with few of the checks and balances that regulate other areas of financial advice.