***Updated*** Members of the public have been urged to be wary of cold-callers claiming to be conducting shadow shopping exercises for ASIC.
In a statement, the corporate regulator said scammers are calling members of the public falsely claiming to be on the hunt for shadow shoppers for an ASIC compliance and monitoring campaign.
“The scam maintains that it will pay you for your time and may encourage you to meet in person or attend a presentation after which you will receive a questionnaire to complete,” the statement said.
“ASIC urges anyone who receives contact in these circumstances or is referred to this website to not respond.”
The corporate regulator does engage in consumer research through shadow shopping and other techniques, but only does so through “accredited market research companies”, the statement said.
The website for the group referenced in ASIC's original release has been updated since the time of publication to specify that it is "not recruiting on behalf of ASIC".
SUBSCRIBE TO THE IFA DAILY BULLETIN
16 Feb 2018Compliance engagement low with rating agenciesBy Jessica Yun
16 Feb 2018Hub24 responds to ASIC allegationsBy Killian Plastow
16 Feb 2018ASIC flags changes to adviser registerBy Killian Plastow
16 Feb 2018Former adviser excluded from industry under ASIC EUBy Staff Reporter
15 Feb 2018FASEA CEO defends professional designationsBy Killian Plastow
15 Feb 2018Synchron names new NSW managerBy Staff Reporter
- view all