Normal
+1To advise inexperienced newcomers to engage the market with borrowed money is tantamount to the reckless endangerment of the welfare (financial and emotional) of their subjects. Given that many such promoters also quote an AFSL number, this maverick behaviour also damages the reputation of the financial services industry in general. I am not a great fan of laws that inhibit people's freedom of choice, but do believe that more could be done to protect newcomers from the unscrupulous behaviour of these dream merchants.
+1
To advise inexperienced newcomers to engage the market with borrowed money is tantamount to the reckless endangerment of the welfare (financial and emotional) of their subjects. Given that many such promoters also quote an AFSL number, this maverick behaviour also damages the reputation of the financial services industry in general. I am not a great fan of laws that inhibit people's freedom of choice, but do believe that more could be done to protect newcomers from the unscrupulous behaviour of these dream merchants.
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