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Australians impacted by misconduct in the financial advice space have received just under $5 billion in compensation from six of the largest banking and financials services entities.
NSW Liberal senator Andrew Bragg has lodged a request for ASIC’s submission to the government’s quality of advice review after it was only released in heavily redacted form.
Financial services firms were among seven entities reviewed by the regulator as part of its work to develop corporate guidance for whistleblower protection.
<p><span>ASIC today published a report to help entities improve their arrangements for handling whistleblower disclosures, and ensure they are effective and encourage people to speak up.</span></p>
The corporate watchdog has published findings from a review of whistleblower programs developed by major Australian firms, including four financial services entities. The Australian Securities and Inv