Stockbroking outfit Morgans is trying to stop a federal complaints authority from ordering it to compensate clients with gripes about a former adviser, claiming the accusations are too old.
The battle, revealed today by The Australian Financial Review, marks a rare attempt for a financial business to take the Australian Financial Complaints Authority to court.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
