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ASIC Warns Gen Z on Social Media Financial Advice Risks

ASIC has issued a warning to young Australians (Gen Z) about the risks of relying on social media and AI for financial advice. New research indicates a significant portion of Gen Z trusts these sources, leading to riskier financial decisions, particularly concerning cryptocurrency investments.

ASIC Disqualifies Simon Raftery from Managing Corporations

The Australian Securities and Investments Commission (ASIC) has disqualified Simon Raftery from managing corporations for two and a half years due to his involvement in five failed companies. These companies owed approximately $43 million to creditors.