ASIC has today published KordaMentha Forensic's
final report pursuant to its appointment by ASIC as the Compliance
Expert relating to two CBA financial planning
businesses.
The report has been published by
ASIC. This report relates to the last of CBA's advice
compensation program under the licence conditions.
KordaMentha Forensic has now produced five reports since the
licence conditions took effect.
Background
KordaMentha Forensic was appointed on 14 November 2014 (
ASIC media release 14-302) as the independent expert to monitor
compliance with additional Australian Financial Services Licence
conditions imposed by ASIC on two CBA financial planning
businesses, Commonwealth Financial Planning Limited and Financial
Wisdom Limited.
