The f-word

Outsider/

22 April 2022
| By Outsider |
image
image
expand image

Like Liberal Senator Andrew Bragg, and the Australian Securities and Investments Commission (ASIC) chair, Joe Longo, Outsider has difficulty saying the f-word.

Unlike millennials, Outsider can’t say the f-word with gusto, like he is without a care in the world.

“I always have difficulty with that word,” said Longo at a Senate economics legislation committee hearing.

Replying to Longo’s mention of the mere thought of the f-word, Bragg said: “I find it very hard to keep a straight face at the best of times.”

ASIC’s new information sheet - Info 269 – is so delicate with the f-word that it does not even mention it, despite the guide being entirely about it.

The guidance warned that f-words who provide unlicensed advice could receive penalties of up to five years in prison or hefty fines, while paying f-words for promoting investment products could also spell trouble.

Whatever the case, Outsider hates how f-words have ruined two of his favourite things: finance and Tik Tok.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months 1 week ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks 6 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

3 weeks 4 days ago

A former Victorian financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his “raging gambling addiction”....

2 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND