ASIC acted only when claims hit "tsunami level"BY LAURA MILLAN | MONDAY, 21 OCT 2013 11:50AMA former employee of the Australian Securities and Investments Commission has condemned the fact that the regulator acted only when the volume of complaints "reached tsunami level." Related News |
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Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
ASIC had received many complaints about one man, and I lost money because I went into business with him. My due diligence showed nothing bad about him at all.
I saw a woman by chance who I knew was the partner of a known conman, and emailed ASIC the information about where to find her. I was ignored.
I'm sure I'm not the only one who has lost money because ASIC is not doing their job properly. It's about time something was done about them. Their information cannot be trusted.