Shares in IOOF Holdings Limited
(ASX:IFL) fell to the benchmark index’s worst performer yesterday after responding to claims of misconduct.
The financial services group has refuted what it describes as a number of misleading statements surrounding its compliance record.
A Fairfax media investigation uncovered allegations of misconduct investigated by senior staff but not passed on to the Australian Securities and Investments Commission.
IOOF says all issues raised have been dealt with appropriately at the time and most of the claims appear to have been promoted by a former employee who is in a legal dispute with the company.
IOOF Holdings reported a net profit of $66.99 million in the first half of the 2015 financial year.
