ASIC - Australian Securities & Investments Commission
The Australian Securities and Investments Commission (ASIC) pursued the banking giant over a campaign in which it advised customers to roll all of their superannuation accounts into Westpac's investment management subsidiary, BT. The penalty for the breach has not been decided, but it is expected to run into the tens of millions of dollars.
Published on Feb. 3th, 2021 Published on Feb. 3th, 2021Scenario: Conduct / Misselling Retail
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