The f-word

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

 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Simon

Who get's the $10M? Where does the money go?? Might it end up in the CSLR to financially assist duped investors??? ...

4 days 15 hours ago
Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 4 days ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week 4 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND