Macquarie'd - The advice scandal at Australia's fifth-largest bank

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Manage episode 207221438 series 5442
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Former Macquarie Bank clients are accusing the institution of pushing them into higher risk trading categories with fewer protections. Thousands of customers, including those with self-managed superannuation funds, were categorized as “sophisticated investors” , allowing the bank to trade their money without having to explain the risks or consequences in writing. In this co-production with the 730 program reporter Mario Christodoulou speaks to a couple who literally bet the farm on Macquarie. And lost.

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