The Australian Securities and Investment Commission (ASIC) has forced Macquarie Equities is to pay $14m to 163 clients who received inadequate financial advice. Overall, Macquarie Group reported a net profit after tax of $1.07 billion for the half year to 30 September 2015, up 58% on the prior corresponding period. In a statement on Friday, the ASIC said it had been investigating Macquarie’s conduct since May last year after receiving complaints from customers about its “lack of disclosure” in relation to their
The Australian Securities and Investment Commission (ASIC) has forced Macquarie Equities is to pay $14m to 163 clients who received inadequate financial advice. In a statement on Friday, the ASIC said it had been investigating Macquarie’s conduct since May last year after receiving complaints from customers about its “lack of disclosure” in relation to their