Glenfield's explanations of the FASEA Code remind me of a gun manufacturer... "Oh the intention of guns is that they are only ever used by sensible people, in a responsible way".
What he fails to acknowledge is that the FASEA Code will be used as a weapon by ASIC, AFCA and the Courts. And there are some people in those organisations who are willing to use any weapon at their disposal to impose their own personal bias against financial advisers. The ambiguous FASEA Code is a loaded gun to those people. Glenfield's non binding verbal explanations are powerless to disarm them.
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