If the success of the Code of Ethics is marked by an industry that can self-regulate and hold itself to account then we are a way off, Paul Moran, a self-licensed practice owner describes alongside UNSW’s Tracy Wilcox. Moran raises the possibility that a transition to this future state could be aided by a two-tiered approach to regulation.
Victims’ advocate: Investors could ‘end up with breadcrumbs’ in class action
A class action brought against Macquarie in its capacity as trustee of a platform that hosted the collapsed Shield master fund may take longer to settle and yield poorer results for investors than pursuing claims through AFCA and the CSLR, a leading victims’ advocate has warned. And investors attracted to the class action in the hope of being compensated twice will likely be disappointed.
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