Comment of the Week goes to....

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This week’s comment of the week goes to Matthew Lock, who posted on this week’s article relating to FDS requirements.

Lock’s comment showed a bit of humour along with some research on his behalf:

"Crises...What Crisis" I hear you say...all this legislation isnt neccessary...everything is fine!
21 Aug A former authorised representative of non-aligned AFSL WealthSure has pleaded guilty to 22 counts of using a false instrument…
16 Aug A former Queensland-based authorised representative of Lionsgate Financial Group has been permanently banned….
16 Aug The Financial Ombudsman Service has castigated Chambers Investment Planners for inadequate advice and risk profiling…
13 Aug The Federal Court of Australia has upheld the Australian Securities and Investments Commission’s (ASIC’s) appeal of Macquarie Bank’s $82.5 million settlement with former Storm Financial investors.
09 Aug A Victorian insurance broker has been sentenced to 18 months in jail after stealing more than $662,000 from clients…
05 Aug A Perth-based insurance broker has been permanently banned after misleading behaviour that put a client at risk…
05 Aug A former Sydney-based mortgage and finance broker has pleaded guilty to six charges of making false statements…
02 Aug A $3.5 billion fund manager and investment adviser has entered administration, with Ferrier Hodgson appointed…
01 Aug An Australian Securities and Investments Commission report has found many mid-tier licensees are not checking the credentials….
31 Jul ASIC has cancelled the Australian Financial Services Licence of a Perth-based securities dealer and financial adviser for….
WHOOOPS”

Thanks to everyone who contributed comments over the last seven days and keep an eye out next Friday to see if you're the author of Wealth Professional's next top 'Comment of the Week'!

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