Regulatory Alerts2026-03-16
ASIC urges Gen Z to sense-check financial advice from social media and AI
The Australian Securities and Investments Commission (ASIC) urges young Australians to verify financial information found on social media and AI platforms due to high trust in unreliable sources. New research indicates that nearly two-thirds of Gen Z use these channels for guidance, leading to riskier behaviors such as speculative cryptocurrency trading based on unproven claims. ASIC recommends balancing online content with credible, evidence-based resources like the Moneysmart website to avoid misleading or promotional advice.
Share