ASIC update: Compensation for financial advice related misconduct as at 30 June 2022 miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
<p><span>Six of Australia s largest banking and financial services institutions have paid or offered a total of $3.6 billion in compensation, as at 30 June 2022, to customers who suffered loss or detriment because of </span><span>fees for no service</span><span> misconduct or </span><span>non-compliant advice</span><span>.</span></p>
Australia s Westpac Penalized $113M After Several Major ASIC Legal Actions crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
ASIC has launched multiple legal actions against Westpac. ASIC has commenced six civil penalty proceedings against Westpac in the Federal Court, alleging widespread compliance failures across multip
Westpac has been accused of charging $10 million in advice fees to deceased customers. ASIC has commenced six civil penalty proceedings against Westpac in the Federal Court, alleging widespread comp