‘We don’t need law reform, we need ASIC reform’: Conaghan
Speaking at the FAAA Congress in Perth on Wednesday, shadow financial services minister Pat Conaghan took a broadside at the Australian Securities and Investments Commission (ASIC), calling for the regulator to be split in line with recommendations from a Senate committee last year. Addressing the inequity of the Compensation Scheme of Last Resort (CSLR), Conaghan acknowledged that there were “a few bad advisers” involved, along...
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