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Collins is "not a fit and proper person to provide financial services," the Australian Securities and Investments Commission said in a statement.
By Adam HaighOctober 20 -
The firm said its risk controls were inadequate and its board didn't challenge leadership enough, following a months-long independent inquiry into malpractice.
By Adam HaighSeptember 27 -
The firm discovered during an audit in December that it had made an error in processing seven months earlier.
By Adam HaighSeptember 2