TBN denies any conflict of interest

Grant Ellis, managing director of The Broker Network, has categorically denied that its broker acquisition proposal, launched in July this year, is a conflict of interest with its main network scheme.

"The acid test for us has been that not a single member of the existing network have said that they have a problem with it," said Mr Ellis. "On the contrary, they say that they now have a guaranteed exit route, if needed.

"This is a non-issue as far as I am concerned. The acquisition proposal was

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