Original article by Liam Walsh
The Australian Financial Review – Page: 15 & 20 : 5-Jul-19
Stockbroker Morgans is the subject of dozens of law suits from clients; over 20 of them are targeting Morgans and David Wilkins, the former head of its branch at Springwood in Queensland. Some clients of Morgans have claimed that they lost hundreds of thousands of dollars as a result of advice they received from Morgans’ Springwood office. An email sent in 2009 that is contained in one of the lawsuits against Morgans indicates that its senior management were aware that there were problems at the office, but the fir did not advise clients about its concerns.
MORGANS FINANCIAL LIMITED, SUPREME COURT OF QUEENSLAND, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION