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Adviser regulation lacking a professional body, RC hears

The Association of Financial Advisers decided to retain two financial advisers as members despite them receiving official banning orders from ASIC because the association didn't want to tarnish its reputation and engage in a legal battle.

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Read more: AFAASICAssociation of Financial AdvisersFPAChris HarrisDarren TindallFASEAFinancial adviceJennifer ColemanJohn DoyleMembership Review CommitteePhilip KewinRowena OrrRoyal CommissionSecuritorSenior Counsel AssistingSynchron