Macquarie advisers cheated on competency test and exposed clients

By Adele Ferguson, Ben Butler
Updated August 2 2014 - 3:08am, first published August 1 2014 - 11:45pm
Refusal: Macquarie didn't answer 45 questions put by Fairfax Media. Photo: Ian Waldie
Refusal: Macquarie didn't answer 45 questions put by Fairfax Media. Photo: Ian Waldie

Some financial advisers at the ‘‘millionaire’s factory’’, Macquarie Group, cheated on competency exams using a document circulated by management known as the ‘‘Penske File’’, a Fairfax Media investigation reveals.

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