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ASIC launches legal action against financial-planning firm

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The Australian Securities and Investments Commission (ASIC) has begun legal action against a financial-planning company it claims pushed unnecessary and costly products onto clients. Image: Financial-planning case goes to court (AAP)


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By Manny Tsigas

Presented by Cybelle Diones

Source: SBS



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The Australian Securities and Investments Commission (ASIC) has begun legal action against a financial-planning company it claims pushed unnecessary and costly products onto clients. Image: Financial-planning case goes to court (AAP)


It marks the first time ASIC has taken action under the Future of Financial Advice reforms, which aim to protect the best interests of consumers.

 

 


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