After the boom, the bankrupts

Rolf Latham said:
Hi SC

Under new ASIC based rules and some lenders' interpretation Brokers may no longer be allowed to provide advice on "deposit taking" products. Most brokers would then have to flout the rules to advise their clients in risk management

Legislation gone mad...............................

Ta

rolf

Rolf , one wonders if the advice given to the poor ( Elderly ) lady in last nights Four Corners was acceptable under the ASIC based rules. If it was someone needs a good lynching.

BTW , thanks for the advice :)

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