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ASIC shows teeth with double broker sanction

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Australian Broker | 18 Jul 2012, 05:00 AM Agree 0
ASIC has cracked down on two broker firms, suspending one for failing to comply with ASIC rules, and the second for serious fraud
  • Donut | 17 Jul 2012, 01:11 PM Agree 0
    One of the reasons for NCCP in the first place was to clean house. It appears it's working.
  • BONED | 17 Jul 2012, 02:58 PM Agree 0
    Yes Donut but is suspending someone for not having EDR membership really 'cleaning house'? I could think of far more items that require cleansing...
  • propertyqueen99 | 17 Jul 2012, 05:09 PM Agree 0
    It is certainly a start - good work.
  • Broker | 17 Jul 2012, 05:32 PM Agree 0
    Just how is this possible given that one requires EDR membership to be member of the FBAA or MFAA???
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