Australian creators who provide financial information without having a license can experience five years in jail, the country’s govt mentioned.
Creators recognised as “finfluencers” make content about finances, from budgeting recommendations to explainers on elaborate investments. Some use their platforms to market investing in specified stocks or belongings, promising their followers lofty returns. Lots of flex their deluxe life on Instagram and TikTok, and credit their prosperity to their investing savvy.
The Australian government is cracking down on the creators who present money information without a federally-issued license. In an info sheet released past month, the Australian Securities and Investments