The corporate watchdog has launched legal action against Westpac, claiming the bank is liable for poor financial advice provided by a former planner, who has already been banned for five years.
Rumor has it, advice given include, LOOK>Quality>Comfort>Performance>Technology>Resell>Safety and cars that are high yielding investments.
Awww, too bad for Westpac that ASIC still has some power, unlike in Trump's America where the advisory board of the Consumer Financial Protection Bureau has recently been fired.
https://www.democracynow.org/2018/6/7/headlines/mick_mulvane…
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