Kat Wong and Morgan Reinwald

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Watchdog puts bite on ‘finfluencers’ deceiving Gen Z

By Kat Wong and Morgan Reinwald | 27 April 2026

The financial services watchdog has sent warnings to social media accounts providing deceitful advice on platforms used by two thirds of young Australians. Dodgy financial advice provided by social media influences is facing a crackdown, with Gen Z exposed to the misleading offers. The Australian Securities and Investments Commission  (ASIC) has issued warning notices to…