The share price collapse of Dixon Advisory’s US property fund and the L1 Long Short Fund have triggered calls for regulators to crack down on advisers selling listed investment companies.
Financial advisers are warning a regulatory “loophole” is being exploited by other advisers who are being paid lucrative commissions to sell risky listed investment companies to retail investors and self-managed superannuation funds.
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
