Macquarie Equities Limited to write to current and former clients

ON 15 AUGUST 2014 Macquarie Equities Limited (MEL) were required to write to current and former clients alerting them of the possibility of remediation for flawed financial advice. The obligation arose from an Enforceable Undertaking imposed by ASIC following concerns arising from an investigation of MEL’s financial advisor network, Macquarie Private Wealth.

The process of remediation is intended to allow the clients to raise any concerns they have with MEL about poor financial advice they may have received and the losses for which they may wish to be compensated.

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