Advocacy

The Stockbrokers and Financial Advisers Association (SAFAA) advocates for ethical, efficient and stable listed equity and debt markets in Australia.

SAFAA distils the views of its Principal Members into coherent advice for government, regulators and exchanges.

SAFAA’s Principal Members include leading Market Participants.

The focus of SAFAA’s Advocacy work is on listed securities and derivatives, whether equity or debt, as this is the core business of its Principal Members.

SAFAA’s Principal Members employ approximately 3,000 stockbrokers and financial advisers.

These 3,000 men and women operate within a strict compliance regime, and are scrutinised by the exchanges and ASIC.

Because of this intense oversight, complaints against stockbrokers and financial advisers employed by SAFAA Principal Members are miniscule. In fact, successful FOS decisions about persons employed by SAFAA’s Principal Members amounted to just 8 in the year to June 30, 2017. This is in the context of 39,479 complaints to FOS about other classes of persons providing financial advice, such as life insurance, mortgages, planning and so on. It is also in the context of 1.5 million trades every day on the exchanges.

SAFAA is proud of the reputation for ethical conduct demonstrated by its Principal and Practitioner Members.