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2.2 – Peter Kell, ASIC’s Deputy Chair Testifies at the Banking Royal Commission

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Peter Kell, deputy chair of the Australian Securities and Investments Commission (ASIC), gives evidence on the financial advice industry, claiming that 90% of Australian financial advisers ignored clients' best interests in a recent review. He states that the corporate regulator does not believe the financial advice industry is a “profession” yet because it has not reached the standards of a profession. Recorded on 16 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

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