October 30, 2017 BY Valentina Kirilova
NSG Services fined $1 million for breach of best interests duty
The Federal Court informed that it has imposed a civil penalty of $1 million against Melbourne-based financial advice firm NSG Services Pty Ltd (currently named Golden Financial Group Pty Ltd) (NSG) for breaches of the best interests duty introduced under the Future of Financial Advice (FOFA) reforms. This is the first civil penalty imposed on…
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