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ASIC goes undercover to expose property spruikers

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Australian Securities and Investments Commission investigators pretending to be investors will pursue property spruikers and identify shonky practices in a planned probe into self-managed super funds, according to deputy chairman Peter Kell.

The regulator said recent court decisions had given it a green light to launch the probe into spruikers, despite it not being responsible for real estate agents or the sale of property.

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Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au

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    Original URL: https://www.afr.com/property/asic-goes-undercover-to-expose-property-spruikers-20170216-gue7um