Financial services firm IOOF says it has properly dealt with all cases of misconduct by its staff and no clients have been affected.
Fairfax Media has reported the company has previously investigated misconduct within its business, including allegations of insider trading and cheating on training exams, and failed to always notify the corporate regulator.
But the company says all issues have been dealt with appropriately, and clients have not been affected.
"To the best of our knowledge and based on reasonable enquiries, none of the issues raised in the article will cause any loss to any IOOF client, past or present," IOOF said in a statement.
The company's shares are down $2.05, or 19.2 per cent, at $8.61 at 1150 AEST.
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