ASIC raises concerns over NSX listingsBY KARREN VERGARA | TUESDAY, 29 AUG 2017 12:39PMThe corporate regulator has raised a number of "concerning trends" in the way some foreign companies are admitted on the National Stock Exchange of Australia (NSX). Related News |
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Rachel Alembakis
STEWARDSHIP MANAGER
UNITING ETHICAL INVESTORS LIMITED
UNITING ETHICAL INVESTORS LIMITED
As a highly respected journalist, Rachel Alembakis helped push sustainable investing on the agenda long before it was mainstream. Now, she's stepped into the arena to shape the industry from within. Karren Vergara writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
As a provider of financial lines insurance products that are not only to protect the consumers but are also critical in establishing industry standards necessary to professionalise and encourage the investor market, we are seeing many examples of investment companies not regulated at all. This appears to be a huge black hole firstly in the government administration program. But even when the companies are correctly licensed (and there are many 100's that are not) the requirements regarding sufficient professional indemnity insurance is inadequate with, in my view, little or few guidelines.