Australia’s financial regulator has raised concerns about the growing influence of social media personalities and artificial intelligence tools on the investment decisions of young Australians.

A new study from the Australian Securities and Investments Commission (ASIC) suggests many Gen Z investors rely on digital platforms for financial guidance, including crypto trading ideas.

The findings show a significant share of young people trust information shared online despite the risk of misleading advice.

Regulators say this trend could push inexperienced investors toward risky financial behaviour, particularly in volatile markets such as cryptocurrency.

Social media financial advice

ASIC released results of a survey conducted between Nov….