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Claims against advice arm have no factual basis: Macquarie

Macquarie Group has denied recent media reports claiming its advisers cheated on competency tests and exposed clients to high-risk investments, saying that it would refer the matter to the Australian Press Council (APC).

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Read more: Macquarie GroupMacquarie Private WealthASICAustralian Press CouncilMacquarie EUSenate Economics CommitteeFinancial PlanningAustralian SecuritiesCBACFPL scandalFinancial AdviceFinancial StandardFutureInvestments CommissionJanuary 2013Sydney Morning Herald