Wealth management investigations spike 129% in Australia

Pedro Gonçalves
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Wealth management investigations spike 129% in Australia

The Australian Securities and Investments Commission (ASIC) has revealed there has been a 129% increase in wealth management investigations over the past 14 months under its enhanced, post-Royal Commission regulatory approach. ASIC commissioner John Price said the corporate regulator enforcement investigations increased 15% between February 2018 and March 2018. Enforcement investigations involving large firms (or their officers or subsidiaries) increased 65% over the year while investigati...

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