There seems to be a view that the CEO of IFL has been made a scapegoat for the industry. I can't see any merit in that view.
I would have thought it doesn't take a high level of intellect to work out that a trustee can't use beneficiaries' money to compensate beneficiaries for the trustee's errors. The hopeless performance of the CEO before the RC was the product of his appalling lack of a basic understanding of the duties of a trustee and even worse, his shockingly cavalier attitude to those duties when they were pointed out to him.
It wasn't just a case of him having a bad day in front of the RC. To characterise it in that way is a bit like saying that a person who has been seriously discredited in a trial just had a bad day rather than acknowledging he is a person without credibility in respect of the subject matter he was called to answer questions about.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$4.50 |
Change
0.000(0.00%) |
Mkt cap ! $3.018B | |||
| Open | High | Low | Value | Volume |
| $4.50 | $4.52 | $4.49 | $20.55M | 4.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 152338 | $4.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.51 | 17347 | 3 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| IFL (ASX) Chart |