August 27, 2018 BY Valentina Kirilova

Morgan Stanley Wealth Management Australia required to amend false claim of independence

Australian regulator ASIC has required Morgan Stanley Wealth Management Australia Pty Ltd (MSWMA) to amend a false claim of independence that could mislead consumers and investors. The claim was made in an ASX announcement released by Praemium Limited on 5 June 2018. The ASX announcement included a quote from MSWMA which described its business as…

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