RI Advice to pay $6 million penalty, John Doyle to pay $80,000 penalty: Royal Commission case study
The Federal Court has ordered RI Advice Group Pty Ltd to pay a $6 million penalty for failing to take reasonable steps to ensure that its authorised representative, John Doyle, provided appropriate financial advice, acted in his clients’ best interests and put clients’ interests ahead of his own. Mr Doyle, a former financial adviser and …
