An interesting investigation by ABC consumer reporter Amy Bainbridge may be of interest to ASF Members.
Where is ASIC when you need them, the investors must be asking.
ggDozens of Australians have lost tens of thousands of dollars after investing in a trading program sold by a well-known financial education expert.
The ABC has been told some people have lost fees of up to $30,000 through a program sold by 21st Century Education, which taught people how to trade on the stock market through a virtual trading room.
The name of the program was 21st Century Eminis and the CEO of the company is controversial spruiker Jamie McIntyre.
Complaints made to a number of authorities, including the financial ombudsman service and to the company directly, have not gained traction.