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sc-fluid1
22 May 2012 16:04
One response to “POLL RESULT: Can scandals like Trio be prevented?”
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the problem with the Trio collapse and similar cases is that those ultimately responsible have gone out of their way to defraud the public. These persons are far smarter than any politician or bureaucrat and will find a way to defraud the public no matter what controls are implemented by an inept government
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Balance of power shifting back to licensees
Under Australian law, financial advice licensees are recognised as powerful intermediaries between the distribution of financial products and household wealth. Now, licensees are starting to enjoy economic conditions commensurate with that heightened liability.
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