34 and still counting…..
Today, ASIC announced its 34th Banning Order with respect to its Wealth Management Project. The Wealth Management Project focuses on the conduct of the largest financial advice firms – NAB, CBA, ANZ, Macquarie and AMP.
The irony, of course, being that these firms have the most resources available to them – I’d expect the standard of their advisers to be the best. Instead, they seem to have employed some of the worst advisers in the industry.