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AAP
AAP
Will Nicholas

Watchdog warns novice investors of hidden risks

ASIC commissioner Simone Constant said cheap access to financial products did not make them safe. (Joel Carrett/AAP PHOTOS)

Investing newbies are in danger of losing money through financial products that are riskier and more complicated than they seem, the corporate watchdog warns.

Perks such as airline miles, cash vouchers and fee-free trades are helping lure record number of Aussies onto the share market, many via apps and online brokers.

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