Financial Standard Comments - ASIC to face parliamentary inquiry over CBA Parliament will launch an inquiry into the Australian Securities and Investments Commission (ASIC), after it was revealed that the regulator took 16 months to act on information that suggested serious misconduct in Commonwealth Bank financial planning. https://www.financialstandard.com.au/feed/latest?story=33220951 Thu, 20 Jun 2013 14:05:16 +1000 Thu, 20 Jun 2013 14:05:16 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Anonymous insider (Withheld) 16 months! No way, try 36 months.

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]]> Anonymous insider (Withheld) Thu, 20 Jun 2013 14:05:16 +1000 Comment by Gael Matteo (tba) I lost money when I bought a business from a conman. ASIC knew about the activities of him and his partner, had done for years, but nothing was mentioned about him on their website. So much for due diligence. A couple of years later I saw the partner at a business fair, running the same scam again. I told ASIC, but nothing was done. It's about time ASIC was investigated, they are a waste of time as they are, and cannot be trusted.

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]]> Gael Matteo (tba) Fri, 21 Jun 2013 08:29:38 +1000