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ASIC report highlights broker misconduct

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Australian Broker | 03 Feb 2014, 06:46 AM Agree 0
ASIC has been busy over the past six months cracking down on those in the financial services industry - and brokers have been in the spotlight.
  • GC | 03 Feb 2014, 09:08 AM Agree 0
    Still no mention of ASIC looking into the fraudulant practices that happen in the banks. If ASIC were serious they would take the banks on and report on that. The percentage of fraudulant activities is extremely minimal when taking into account the number of Brokers in the industry. We are an honest and ethical group and we all take pride in our job. ASIC's account of its "investigations" is nothing more than fluff designed to make them look as if they are doing their job. From where I stand they arent even doing half of their job and they are only going after the soft targets.
  • Jerry Gibb | 03 Feb 2014, 02:35 PM Agree 0
    Agree
  • Melbourne Broker | 03 Feb 2014, 03:21 PM Agree 0
    Some good points GC - I would also like to see them targeting the banks.
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