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Inquiry takes aim at ASIC, CBA

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Australian Broker | 27 Jun 2014, 04:14 AM Agree 0
The Senate inquiry into ASIC’s performance has submitted its final report, and has slammed the regulator and CBA over misconduct by financial planners
  • Dave Robinson | 27 Jun 2014, 08:24 AM Agree 0
    Just the start, wait til the revisit Storm Financial, the CBA @ Burwood in Melbourne and several other well known (inside) issue's that will make the media soon enough. It will be interesting to see how ASIC deal with this moving forward and I look forward to reading their "we got 'em" press releases over the next couple of years.
  • Gerald Smith-Jones-Brown | 27 Jun 2014, 10:53 AM Agree 0
    ASIC to be funded by industry levies. Of course, why not. Brokers have unlimited resources. Unbelievable. We keep funding ASIC so they can keep coming after us!
  • MCC | 27 Jun 2014, 05:11 PM Agree 0
    Go to bank (A) for advice on products & services & the relevant officer / employee isn't obviously going to recommend products & services from Bank (B) is it! The selling & bonus payment environment is the sole driver & engulfs all ethical behaviour & fiduciary duty like a great 'Tidal Wave'!!!!! It must force employees to question their moral compass!!!!!!
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