Jeremy Cooper, deputy chairman of the Australian Securities and Investments Commission (ASIC) has confirmed that the regulator will conduct another shadow shopping exercise in the 2009-10 financial year.
“It’s too early to say what that shadow shop will look like, but it’s almost inevitably going to relate in some way to the advice given to SMSFs,” Cooper said at the SPAA 2009 National Convention in Adelaide.
“And the issue of commission-driven decisions to invest in market-linked products certainly has been discussed internally as something to look at.”
