Steadfast on strata scrutiny: “We refute the allegations” – Cyber Tech

Steadfast Group has launched a response to an Australian information program that has alleged its brokers mislead strata insurance coverage prospects. “We refute the allegations made and are dissatisfied that essential data has been selectively offered,” stated an ASX announcement launched by the enormous brokerage.

The ABC-TV investigation questioned the transparency of Steadfast’s operations and its affect available in the market. Within the announcement, Steadfast agreed the protection “raises issues round strata trade transparency.”

Trowbridge report and clarifications

The brokerage group stated the investigation “makes no point out of the truth that Steadfast commissioned revered insurance coverage knowledgeable John Trowbridge to conduct an unbiased overview in late 2021.”

The discharge stated all of the agency’s companies, together with brokerages and underwriting businesses, “function independently and actively compete with one another.”

“Steadfast is of course involved about any case which will fall wanting our requirements and expectations,” stated CEO Robert Kelly (pictured above). “Ought to situations be raised that require additional motion, we are going to after all examine and act to rectify any shortfalls in our processes and procedures.”

Steadfast has introduced a buying and selling halt on its securities following the ABC report.

The Group is Australasia’s largest broking community with rising operations throughout the US and Asia.

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