July 07, 2017 BY Valentina Kirilova
NAB makes corrective disclosure to customers about relationships within its wealth management business
An ASIC investigation of a number of advice licensees within the National Australia Bank Group (NAB Group), for failing to disclose relationships between advisers, advice licensees, and other members of the NAB Group that issue investment products, has resulted in corrective disclosure being made to customers. The non-disclosure occurred when customers were advised to acquire…
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