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Misleading PDS costs NAB $10,200

Making potentially misleading statements in a product disclosure statement (PDS) has seen National Australia Bank (NAB) get a $10,200 penalty from the Australian Securities and Investments Commission (ASIC).

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Read more: NABASICAustralian SecuritiesInvestments CommissionNational Australia BankASIC concernsAugust 2014December 2013February 2014January 2014June 2013March 2014NAB Annuity Term DepositRegulatorySeptember