June 23 (Reuters) - Australian Securities and Investments Commission:
- COMMENCED CIVIL PENALTY PROCEEDINGS IN FEDERAL COURT AGAINST CBA AND UNIT, COLONIAL FIRST STATE INVESTMENTS
- CIVIL PENALTY PROCEEDINGS REGARDING ALLEGED CONFLICTED REMUNERATION PAID BY CFSIL TO CBA BETWEEN 1 JULY 2013 & 30 JUNE 2019
- ALLEGES THAT MORE THAN $22 MILLION IN CONFLICTED REMUNERATION WAS PAID BY CFSIL TO CBA FOR DISTRIBUTION OF A SUPERANNUATION PRODUCT ISSUED BY CFSIL
Source ( https://bit.ly/2V6my5q)
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News: CBA Australia's ASIC Commences Proceedings Against CBA And Unit
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