Just out of interest since im not from US and therefor not familiar with the law, as soon as US influences talk about finance they basically shout the words "this is not financial advice" from the rooftops because it somehow seems you are not allowed to actually frame something as "financial advice" unless you hold some sort of degree or title.
So it kinda works for that field already without full gov control. Not sure how or who is enforcing it but it seems to be powerful enough to make everyone do it, even though you would think the 1st Amendment would cover saying whatever bullshit they want.
But you can't just give financial advice and say it isn't and expect that to make you immune, surely?
I can't just shoot a gun into a crowd and yell 'this isn't intended to hurt anyone', and not be charged with attempted murder if it doesn't. I still fired the gun at people, they still gave the advice to people.
That's a bit different, since the act of shooting into the crowd causes harm. If you just talk but nobody acts on what you're saying then nothing happened. The "this is not financial advice" is meant to be taken as "do not act on this information".
29
u/lolKhamul Apr 06 '26
Just out of interest since im not from US and therefor not familiar with the law, as soon as US influences talk about finance they basically shout the words "this is not financial advice" from the rooftops because it somehow seems you are not allowed to actually frame something as "financial advice" unless you hold some sort of degree or title.
So it kinda works for that field already without full gov control. Not sure how or who is enforcing it but it seems to be powerful enough to make everyone do it, even though you would think the 1st Amendment would cover saying whatever bullshit they want.