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The Australian bank is helping clients impacted by financial advisers that failed to notify them of corporate actions between 2005 and 2019.
Australia’s Westpac Banking Corp. has agreed to spend as much as $87 million in remediation for past corporate actions notification problems that may have caused clients to miss out on actionable information, confirm bank officials and the Australian Securities and Investments Commission (ASIC). Westpac officials initially reported to ASIC in July 2019 that there may...
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