Business Law Question Help

Hi everyone

I Have a business law question which im stuck on and need some help.

Enrico is a mature age student who is half way through his Accounting Diploma course. He has let members of his soccer club believe that he is a qualified accountant and financial adviser. One month before the collapse of One-Up, an internet company, Enrico advised club members to buy every One-Up share they could. Neither he nor the members knew that most financial advisers had warned that One-Up was badly managed for some time. Several club members have lost a large sum of money because they followed Enrico’s advice.
1. Explain giving reasons, whether they are likely to succeed in a legal action based on negligent misstatement.
2. Does the Civil Liability Act (2002) (NSW) have any affect on the law of negligent misstatement? Explain.

1. Pretty sure he would be liable for damages since negligent statement caused an economic loss. However Enrico had no contract with the club members and they did not appoint him as the financial advisor. So is he liable or not?
And can you help finding a similar case with this scenario..

Thanks!