financial planning

Macquarie Private Wealth Compliance Found to Be "Deficient" by ASIC


Macquarie Private Wealth, a retail division of Macquarie Group (ASX:MQG), has been found by the Australian financial watchdog ASIC (Australian Securities & Investments Commission) to have compliance deficiencies and have found that a significant number of advisers have breached compliance.

  • Four year covert surveillance by ASIC found that Macquarie Private Wealth (MPW) failed to give proper advice to clients and failed to keep proper client records.
Syndicate content

Recommended Websites