Financial Standard Comments - Court ruling on Storm, "a blow" to consumer action The Federal Court's decision to approve the appeal by the Australian Securities and Investments Commission (ASIC) on the settlement between Macquarie Bank and the victims of Storm Financial is "a serious blow to direct consumer action," the litigator said. https://www.financialstandard.com.au/feed/latest?story=33901792 Tue, 13 Aug 2013 15:19:39 +1000 Tue, 13 Aug 2013 15:19:39 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Deb Lock (kd investments) ASIC is NOT the friend of the small investor, their role is to be seen to be the corporate regulator to make sure the average joe continues to invest in the "establishment" while all the time protecting the big end of town from any form of scrutiny which would expose the underbelly of ... our banking system.

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]]> Deb Lock (kd investments) Tue, 13 Aug 2013 15:19:39 +1000