ASIC Report 636 Shows Widespread Failure to Comply with Disclosure Obligations
While the furore surrounding the ‘fees for no service’ scandal hit the papers during the Banking Royal Commission, ASIC performed its own review of financial advisors’ compliance with their disclosure obligations for ongoing fee arrangements. Through 2018 and 2019 ASIC collected and analysed information from a random sample of 30 AFS licensees. ASIC found significant […]
