Legal advice in spotlight as ASIC claims financial services firm diverted funds to limit penalty

Article 2023-05-09 11:28 pm By Gareth Baker | Sydney

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A court has appointed a referee to examine whether a law firm’s communications with Golden Financial furthered a plan by the financial advisory firm to divert assets to minimise a penalty sought by the corporate regulator in the first case alleging a breach of the so-called best interest duty.

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