Jeff MorrisJeff studied Economics and Law at the University of Sydney and is a Certified Financial Planner. He has had nearly 30 years experience working in Financial Services including as a Taxation Manager at NatWest Bank and Deloitte & Touche Chartered Accountants, a Financial Consultant with the actuarial firm Towers Perrin and a Vice President of investment bank Bankers Trust Australia.

In 2008 he joined Commonwealth Financial Planning and rapidly became concerned about the severe losses and emotional distress being suffered by many elderly and vulnerable clients due to the poor advice they received. He became a Whistleblower to the Corporate Regulator ASIC in relation to financial planner Don Nguyen and Commonwealth Financial Planning.

Don Nguyen was subsequently banned from practicing as a financial planner for 7 years and seven other “rogue” planners were also banned. Commonwealth Financial Planning had a 2 year Enforceable Undertaking imposed on it, had to spend $25 million to bring its business up to scratch and to date has paid out over $50 million in compensation to the victims of its poor advice.

In June 2013 Jeff Morris blew the whistle again, this time on the bungling incompetence of ASIC in dealing with the information he provided to them. In a series of Walkley Award winning articles by Adele Ferguson and Chris Vedalago of Fairfax Media, it emerged that ASIC had failed to act on a fax sent by whistleblowers for over 16 months.

This scandal was the catalyst for a Senate Inquiry into ASIC that is due to deliver its findings on 30 May 2014. Jeff Morris provided over 150 pages of submissions to this Inquiry and testified in person on 10 April 2014. He hopes the findings will make a difference to the way ordinary Australians are provided with financial advice.

Jeff Morris and victims of Commonwealth Financial Planning appeared in the Four Corners documentary “Banking Bad” by Adele Ferguson and Deb Masters that aired on ABC TV on 5 May 2014. It is a powerful indictment of everything that is wrong with the sales based culture of some of our modern financial institutions.




4 May 2017, ABC, ‘Calls for new regulator to oversee corporate whistle-blowers’ Read here


1 May 2017, The New Daily, ‘It would clean up white collar crime in this country’ Read here


21 Dec 2016, The Age, Every month a whistleblower wants to report misconduct Read here


3 Sept 2016, The Age, Cancer victim battles CBA for mortgage relief Read here

3 Sept 2016, The Age, 97-year-old fights CBA for compensation after shoddy advice from dodgy Don Nguyen Read here


27 June 2016, SMH, Georgina Mitchell, Q&A: Liberal Mathias Cormann faces grilling for avoiding Royal Commission into banks Read here


7 May 2016, Adele Ferguson on the cost of whistleblowing and need for a bank royal commission Read here


7 May 2016, Poor culture on display as customers lose out again Read here


7 May 2016, CBA accused of bullying as regulator APRA asked to prosecute bank staff Read here


30 April 2016, The Satureday Paper: Heads must roll at corporate regulator ASIC Read here


9 April 2016, Jeff Morris: royal commission into banks necessary and inevitable Read here


18 Nov 2015, No room in the Kathmandu tent for bruisers David Kirk and Rod Duke Read here


17 Nov 2015, Commonwealth Bank threw its customers under the bus Read here


11 Nov 2015, ASIC says whistleblowers need compo Read here


7 Nov 2015,It is about time we protected whistleblowers Read here


CBA's glacial compensation scheme Read here


Fairfax Media takes out top gongs at the 2015 Kennedy Awards Read here


SMH 28 July 2015, Claims beggar belief... Read here


SMH 10 July 2015, IOOF allegations demand royal commission into financial services Read here


ABC 7:30 Report – Fraud and insider trading claims laid bare but still no hunger for broader industry inquiry. 6 July 2015



IOOF allegations demand royal commission into financial services Read here


SMH CBD March 2015, The transcript has finally landed from the Senate estimates hearing where NAB's wealth boss Andrew Hagger wowed everyone with his work, which included moonlighting for ASIC. Read here


Money Magazine February 2015 "Heroes, not villains Whistleblower Jeff Morris maintains that employees can play a vital role in exposing misbehaviour" PDF Download


ABC 7:30 Report – Rogue Advice 18 March 2015


ABC Four Corners – Banking Bad 5 May 2014


ABC The Business 30 June 2014


ABC 7:30 Report 1 July 2014


ABC 24 Commonwealth Bank whistleblower Jeff Morris calls for Royal Commission 26 June 2014


The Drum 24 October – CBA whistleblower Jeff Morris discusses financial planning scandal