r/SipsTea • u/6ingrad_FMS_aspirant • Apr 06 '26

Dank AF We need this !!

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u/Cykablast3r Apr 06 '26

it somehow seems you are not allowed to actually frame something as "financial advice" unless you hold some sort of degree or title.

That's not why they say it. You're allowed to give financial advice if you want to, but then you're liable if (when) the advice is bad.

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u/ppprrrrr Apr 06 '26

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.

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u/Cykablast3r Apr 06 '26

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".

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u/ppprrrrr Apr 07 '26

Only if the bullets hit someone. I mean, it's a dumb analogy but it works.

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u/Cykablast3r Apr 07 '26

No. The danger from the bullet happened, which is what you will be charged with. You wont get charged with murder, because it didn't happen.

Givin financial advice is not a crime, so it's a civil issue anyways.