SYDNEY, June 15 (Reuters) - Australia's securities regulator said on Friday it had filed a lawsuit against No. 2 lender Westpac Banking Corp (WBC) over alleged poor financial advice.
The Australian Securities and Investments Commission said a Federal Court civil lawsuit alleged that a former Westpac financial planner breached the "best interests" duty under the Corporations Act, provided inappropriate financial advice and failed to prioritise the interests of his clients.
News: WBC Australian regulator sues Westpac bank claiming poor financial advice
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Last
$38.29 |
Change
0.640(1.70%) |
Mkt cap ! $130.9B | |||
| Open | High | Low | Value | Volume |
| $38.00 | $38.34 | $37.85 | $149.3M | 3.907M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1325 | $38.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.30 | 34526 | 3 |
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| Last trade - 16.13pm 10/09/2025 (20 minute delay) ? |
| WBC (ASX) Chart |