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Westpac, Count on ASIC radar over complex product advice

Westpac and Commonwealth Bank-owned Count Financial are among the 10 licensees forced to undertake corrective action following concerns by the Australian Securities and Investments Commission (ASIC) concerns about financial advice relating to complex products.

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Read more: ASICWestpacCount FinancialAustralian SecuritiesCommonwealthInvestments CommissionHSBC Bank AustraliaDecember 2013 ASICFinancial PlanningFSS AdvisoryGenesys WealthMadison Financial GroupMASU Financial ManagementMeritum Financial GroupSentry Financial ServicesWestpac Banking Corporation