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Featured Profile
Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Excellent stuff. The FPA is going to teach their people it is not ok to make unauthorized transactions on clients accounts, they must not forge people's signatures, they must not lie to their clients. I kinda thought by following their license obligations that product disclosure statements and additional SOA and a 10 day notification to the client that switches are made would prevent illegal and immoral activities.
Well it goes to show the Corporations Act and the people who enforce those Acts and the requirements of holding such a license clearly have no merit. Clearly we all know who are the losers out of all this: those poor people who thought they would do the right thing with their money and go and see a product flogger rather than a financial planner.
Come on FPA, don't treat us as fools any further. These adviser's knew exactly what they were doing.