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ASIC admits wrongdoing in Senate hearing

The Australian Securities and Investments Commission (ASIC)'s top officials admitted that the regulator could have done more to prevent poor advice and malpractices in a tense five-hour Senate hearing.

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Read more: ASICSenateCommonwealth BankLabor Senator Mark BishopAustralian SecuritiesCBAFinancial PlanningGreg KirkInvestments CommissionPeter KellASIC officialsCommonwealth Financial PlanningEconomics CommitteeFebruary 2008John PriceMaurice BlackburnMaurice Blackburn principal John BerrillMay 30