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.
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Last
$3.49 |
Change
0.010(0.29%) |
Mkt cap ! $2.340B | |||
| Open | High | Low | Value | Volume |
| $3.47 | $3.49 | $3.44 | $24.22M | 6.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 89566 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 40371 | 8 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |