The corporate regulator has issued information for social media influencers who discuss financial products and the licensees who use them, warning they face substantial penalties if their content contravenes financial services law.
The corporate regulator has published an information sheet on how the law applies to social media influencers or “finfluencers” and licensees who use them. The new guidance outlines activities whe
<p><span>ASIC has published an information sheet about discussing financial products and services online. It outlines how the law applies to social media influencers, and the licensees who use them.</span></p>