Shine Lawyers is the latest class action law firm to file a claim against Dixon Advisory alleging the firm provided conflicted and misleading advice.
said the claim alleged Dixon Advisory did not comply with the Corporations Act and regulatory guidelines when it put “its interests before the interest of its customers”.
“We are looking into how ethical their processes were and how sufficiently they explored conflicts of interest before administering advice to customers. “Investors put substantial amounts of money into the group’s recommendations which resulted in significant financial losses on risky investments,” she said.P Financial said the allegations in the Shine class action were similar to those made by Piper Alderman’s action, that it was reviewing the claim and did not propose to provide any commentary.
Dixon Advisory is also facing separate legal action from other clients alleging they were almost exclusively set up in conflicted self-managedEarlier settlement
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal government to pay out $2m to settle class action over ‘racist’ work for the dole programIndigenous leaders argued participants faced tougher welfare penalties than those in other parts of Australia
Read more »
'Escalation' prompts police to arrest NSW alleged terror suspectArrested this morning, the man is set to face charges relating to membership of a terrorist group and documents likely to facilitate a terrorist attack. 9News DETAILS:
Read more »
Stunning moment babies saved after tornadoPolice bodycam footage has revealed the incredible moment two babies were rescued from the debris of their Kentucky home, during the violent tornadoes which have lashed several southeastern US states.
Read more »
Wait for booster shot cut to four monthsThe federal government has cut the recommended interval between the second and booster doses of a coronavirus vaccine | cassieemorgan
Read more »
Wait for booster shot cut to four monthsThe move follows advice from the government’s expert advisory group and the spread of the new Omicron variant.
Read more »
If you’re going to do something, do it properly, says this billionaireIn her first big face-to-face interview, 86-year-old philanthropist Pauline Gandel talks about the allure of Japanese art.
Read more »