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.
There seems to be a view that the CEO of IFL has been made a...
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Last
$3.67 |
Change
0.150(4.26%) |
Mkt cap ! $2.461B | |||
| Open | High | Low | Value | Volume |
| $3.55 | $3.73 | $3.54 | $7.648M | 2.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8965 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.72 | 693 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |