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.
SYDNEY, June 15 (Reuters) - Australia's securities regulator...
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