1) "In the financial advisor-client relationship, the client can seek remedies for breach of advisor obligations across a wide scope of consumer protection provisions, however the statutory remedy is always the preferred path".

Discuss the accuracy of the above statement. Ensure you justify your answer.

2) What is the relevance of ASIC to consumer protection?

3) What is a) unconscionable conduct and b) misleading and deceptive conduct and how are these prohibited under statute in relation to the provision of financial services? Give some specific statutory examples of both