Lawyers invite investors to join IOOF class action

IOOF/law/

8 October 2015
| By Nicholas |
image
image
expand image

Class action specialists, Maurice Blackburn Lawyers, say their investigation into alleged regulatory breaches by IOOF, has "reached a critical point".

The law firm has called for institutional and retail investors who purchased shares in the company between 1 December 2013 and 19 June 2015, to register their interest and claims as of today.

The announcement follows the publication of an independent review of IOOF's breach reporting and research divisions by PWC with the group's board claiming the report found no ‘fundamental design or process breakdowns' in those two areas, in August.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months 1 week ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

3 weeks ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

3 weeks 5 days ago

A former Victorian financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his “raging gambling addiction”....

2 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND