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ASIC suspends license of former Commonwealth financial planning adviser

ASIC has accepted an enforceable undertaking (EU) from former Commonwealth Financial Planning (CFPL) employee, Simon Langton, after he failed to meet various obligations as a financial adviser. The EU follows an investigation into the advice provided by several of CFPL’s financial advisers. CFPL is a wholly owned subsidiary of the Commonwealth Bank of Australia (CBA) and operates under the advice…

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