ASIC eyes off researchersBY BEN COLLINS | TUESDAY, 11 DEC 2012 12:00PMAustralia's corporate watchdog will conduct targeted surveillance of research report providers after it unveiled updated policy to improve the reliability of their products yesterday. |
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
ASIC has a track-record of absolute failure in the area of consumer protection, there needs to be a change in focus from a reactive approach to a proactive approach. In this way schemes/scams such us Wattle, Heather Parry scheme, and off course Storm would have not got off the ground or at least the losses by investers would have been kept to a minimum. Instead of going on for years and years which in itself gives the scams/schemes more credibility.
As far as I am aware (and I have made enquiries) ASIC does not fall under any Ministerial portfolio, so who is eyeing ASIC?