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Pay-back time at Phillip Securities

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Junior Qotioneer
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Joined: 08/27/2009

Pay-back time at Phillip Securities

Fri, 09/04/2009 - 08:00
LOCAL stockbroker Phillip Securities has started clawing back commissions from staff who sold toxic products - and advisers fear they may have to pay even more out of their own pockets. The firm has not decided on the final sum, and is withholding a portion of monthly commissions from advisers who sold Minibonds structured products that failed in the financial crisis. This is pending a final decis... more

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