Financial planning Senate Inquiry


Story Details

It was a fraud scandal that left hundreds of investors tens of millions of dollars out of pocket... And at the centre of the allegations is Australia's largest bank - the Commonwealth Bank.

A senate inquiry into the financial regulator ASIC’s handling of the matter has been highly criticial and has recommended a raft of changes to ensure investors are better protected from financial planners.

Nick Xenophon was part of the committee and we spoke with him a short time ago.


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