Judge questions if ASIC’s proposed $6M penalty against IOOF unit has enough sting
ANZ 2022-02-01 4:01 pm By Bianca Hrovat | Sydney
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A judge has raised concerns about a $6 million penalty proposed by the Australian Securities and Investments Commission against IOOF unit RI Advice for failing to rein in an adviser who reaped hefty commissions for steering clients towards risky investments.

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