Question 1: What areas of law are pertinent to this article? Describe what the identified areas of law cover, and explain how they are relevant to the issues raised in the article.

(For example;

Contract law

Tort law

Consumer and competition law

Corporations law

Criminal law

Property law

Administrative law

Intellectual property law

Information technology law)

Case Studies:

Commonwealth Financial Planning Limited (CFPL), the financial planning arm of Commonwealth Bank of Australia (CBA), was involved in a huge fraud scheme from 2003 to 2012. Rogue financial planners at CFPL manipulated their clients' files and forged documents to invest their clients' monies in extremely high-risk investments, with the aim of earning higher commissions and bonuses. Such fraudulent financial advice caused hundreds of Australians to lose their life savings, some running into millions. Despite tipoffs by whistleblowers within CFPL, the Australian Securities and Investments Commission (ASIC) was criticised for being inexplicably slow and inadequate in its response. Meanwhile, CFPL's efforts to compensate the victims were also lambasted as covering up for their rogue planners while trying to bully their victims into settling for minimal compensation. The objective of this case is to allow a discussion of issues such as the impact of "pay for performance" on behaviour; governance in company groups; management's and directors' roles in ensuring compliance; role of regulators and the media in corporate governance; whistleblower protection; and ethics.

The full article is attached in the link:

https://drive.google.com/file/d/1T7FG6Ko3sItFnnsBarXLvRswnBsPN6iD/view?usp=sharing