Stockfox on the run and other financial advice provider tales

Officials may soon be getting tougher on the unfortunate side of the financial advice industry. (Image: Getty)

Wed, 05 Jun 2024

Many moons ago, in a paper-based universe, I was responsible for filling 24 to 52 pages, sometimes more, each week with stuff about the Australian financial planning sector.News was sometimes hard to come by, but we could always count on the Australian Securities and Investments Commission (Asic) to liven up a dead week with a banned financial adviser or two.Asic is still at it.Last month, for example, the Australian regulator churned out five adviser-pinging press releases including the late May note headlined ‘Former Queensland financia...

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