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
The Australian Securities and Investment Commission (ASIC) has forced Macquarie Equities is to pay $14m to 163 clients who received inadequate financial advice. The assessment into advice given by Macquarie is considered the most comprehensive within the industry with reviews going back to 2nd March, 2004.