Atlas Funds Management

Sydney Morning Herald: AMP in strife following Royal Commission admissions

AMP in strife following Royal Commission admissions

AMP’s disastrous foray in front of the banking Royal Commission – including admissions it had misled customers and the regulator – is likely to have lasting effects for the battling wealth manager. AMP conceded it had made false statement to the Australian Securities and Investments Commission and senior staff ignored legal advice that charging of customers for services they did not receive was unlawful.

 

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