Did you know many Australians get their investment advice from social media finfluencers? It's a frightening fact.
A recent ASIC (Australian Securities & Investment Commission) conference determined that most of those giving financial advice online are both unqualified and unlicensed.
This week on the Friends With Money podcast, Money's Michelle Baltazar chats with Rhys Bollen, Senior executive leader of ASIC’s market supervision team, about the potential dangers of getting investment advice from social media.
- What is ASIC?
- What influence does social media have on investors?
- How can you protect yourself?
Links:
#friendswithmoney #finfluencer #warning #michellebaltazar #rhysbollen
Email Us: podcast@moneymag.com.au
See omnystudio.com/listener for privacy information.
The podcast Friends With Money is embedded on this page from an open RSS feed. All files, descriptions, artwork and other metadata from the RSS-feed is the property of the podcast owner and not affiliated with or validated by Podplay.