How is the financial advice industry regulated in Australia?
I need information on the regulatory framework governing financial advisors in Australia.
Category: Banking & Finance
Location: Cidra
Location: Cidra
Answers
The financial advice industry in Australia is regulated by ASIC, which requires advisors to be licensed and comply with the Corporations Act 2001.
11 months ago
Advisors must adhere to the Best Interests Duty, which mandates that they act in the best interests of their clients when providing advice.
11 months ago
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