On the 26th June 2014, a Senate Committee recommended that a compensation scheme be established to address this wrongdoing, and remediate customers for the loss they suffered due to the misconduct of CFPL and Financial Wisdom.
CBA’s Open Advice Review Program
Commonwealth Bank of Australia (CBA) has developed its Open Advice Review Program (OARP) in response to ASIC investigations into allegations of inappropriate conduct at CBA-owned financial planning businesses Commonwealth Financial Planning Limited (CFPL) and Financial Wisdom Limited (Financial Wisdom).
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Who can join the Open Advice Review Program?
What will the Open Advice Review Program involve?
Is Shine Lawyers investigating claims against CFPL and Financial Wisdom?
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