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3 Responses to Avoid investing in Australia as long as ASIC is still around
Stories abound around the world about investing into LM funds with the understanding that it was a conservative, low-risk investment. However, the evidence strongly suggests that it was actually high-risk, and further that Financial Advisors did not disclose details about the fund that were red flags.
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This won’t affect us most of us has already lost our money
True, but there is a band of people putting pressure on the govt for a bailout, and more evidence that the IFAs should have known better.
We can only hope they get some results.