Accountants loaded clients into SMSFs to invest in Guvera ahead of IPO
Updated
Scores of accountants could be dealing with angry clients if the controversial $1.3 billion initial public offering from online music streaming service Guvera flops.
In some instances accountants, who received kick-backs, helped clients set up self-managed super funds to invest in Guvera in circumstances allowed under a regulatory loophole due to close from July 1, 2016.
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Sally Rose is a Sydney-based reporter, who covers business, personal finance and superannuation. Connect with Sally on Twitter.
Yolanda Redrup is the co-editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
Agnes is a former reporter at the Financial Review. Connect with Agnes on Twitter.
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