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Broker cops $20,000 in ASIC penalties

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Australian Broker | 05 Feb 2014, 02:17 PM Agree 0
A finance broker has been ordered to pay over $20,000 in penalties for misleading representations.
  • troy | 05 Feb 2014, 02:35 PM Agree 0
    I was recently in WA over christmas and all I heard on the radios was car finance ads!! I've never heard this anywhere else with such vigor!!
  • John Smith | 05 Feb 2014, 03:17 PM Agree 0
    Bet they made far more than 20K in commissions. Its like the rich guys who used to park in the city, in non parking areas. The occasional fines they received was like paying change out of their pocket. It was not until their license was threatened, that they stopped before they got fined.
  • Broker | 05 Feb 2014, 05:50 PM Agree 0
    I wonder what industry will be next, surely they're just about done with Finance.

    They could have a field day with Utilities , Telcos etc , but that means taking on the big jobs!
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