ASIC loses again

10 Responses to ASIC loses again

1. Rabz

   #594368, posted on October 3, 2012 at 8:35 am

   Gee – and the cost to taxpayers?

   Aw, fuggeddaboudditttt!
2. Winston SMITH

   #594389, posted on October 3, 2012 at 9:01 am

   This is another one for TA – sack the top three layers, tell the rest that their job is not to harass honest businessmen, and then leave them alone. Repeat in one year if they’re not following instructions.
3. .

   #594478, posted on October 3, 2012 at 11:18 am

   Remember when the ACCC basically stalked the staff of petrofirms in Australia over 10 years ago?

   They lost as well. They couldn’t even find enough evidence to mount a case. The raids were meant to prove…something.
4. 2dogs

   #594512, posted on October 3, 2012 at 12:12 pm

   ASIC have their priorities completely wrong – they all but ignore serious complaints against directors by liquidators, but will quite happily launch petty political crusades against high profile figures that individuals within ASIC decide they don’t like.

   It’s corruption. We need a federal ICAC.
5. Ken N

   #594544, posted on October 3, 2012 at 1:12 pm

   It’ll be OK when ASIC gets access to all phone calls and emails going back 4 years as I believe they want.
6. Ken N

   #594547, posted on October 3, 2012 at 1:14 pm

   But the biggest failure among agencies must be ACCC for approving the NBN Telstra and Optus deals. That was unforgivable.
7. dd

   #594558, posted on October 3, 2012 at 1:27 pm

   Seems as if they hate rich capitalists, who must (how else?) have made their money by being unscrupulous.

   ACCC is just as bad. In fact, ACCC should be abolished; to the extent that the ‘problems’ they’re trying to solve are not imaginary they are either the result of over-regulation or corruption.

   ASIC’s role needs to be done by someone. Perhaps we could innovate and suggest it gets done by ASIC.

   The ATO’s pursuit of Paul Hogan falls into the same category of celebrity hunting that ASIC’s guilty of.
8. Rabz

   #594588, posted on October 3, 2012 at 1:49 pm

   … they all but ignore serious complaints against directors by liquidators, but will quite happily launch petty political crusades against high profile figures that individuals within ASIC decide they don’t like.

   Sounds like the fucking tax office…
9. Rabz

   #594590, posted on October 3, 2012 at 1:50 pm

   The ATO’s pursuit of Paul Hogan falls into the same category of celebrity hunting that ASIC’s guilty of.

   Aaargghh – sorry Dave, hadn’t read your comment…
10. Harold

    #594647, posted on October 3, 2012 at 2:49 pm

    In the mean time if you have the cash the ASX will sell you a special account which gives you priority access over other traders. Priorities, priorities…

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