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ASIC Update: Compensation For Financial Advice Related Misconduct As At 30 June 2022

<p><span>Six of Australia s largest banking and financial services institutions have paid or offered a total of $3.6 billion in compensation, as at 30 June 2022, to customers who suffered loss or detriment because of&nbsp;</span><span>fees for no service</span><span>&nbsp;misconduct or&nbsp;</span><span>non-compliant advice</span><span>.</span></p>

ASIC Update: Compensation For Financial Advice Related Misconduct As At 31 December 2021

<p><span>Six of Australia s largest banking and financial services institutions have paid or offered a total of $3.15billion in compensation, as at 31 December 2021, to customers who suffered loss or detriment because of&nbsp;<span>fees for no service</span>&nbsp;misconduct or&nbsp;<span>non-compliant advice</span>.</span></p> <div><span><br /></span></div>

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