Macquarie appeals $330,000 penalty for ‘defective and deficient’ adviser pay system

Anthony Britt 2021-02-09 6:53 pmBy Christine Caulfield | Melbourne

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Macquarie Bank is challenging a ruling that it pay $330,000 in pecuniary penalties after it was found to have underpaid a group of former financial advisers because of a “defective and deficient” payment system.

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