Macquarie in hot water for bad financial advice

Global banking group Macquarie will start contacting clients for bad financial advice provided by their financial advisory arm, Macquarie Private Wealth. 160,000 will be sent out to affected clients, after the Australian Securities and Investments Commission flagged them for poor compliance.

ASIC has called on Macquarie to entertain clients in the remediation process within 5 months and compensate those that suffered financial losses due to bad advice.

Read more about this on the Sydney Morning Herald website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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