ASIC to face parliamentary inquiry over CBABY LAURA MILLAN | THURSDAY, 20 JUN 2013 12:45PMParliament will launch an inquiry into the Australian Securities and Investments Commission (ASIC), after it was revealed that the regulator took 16 months to act on information that suggested serious misconduct in Commonwealth Bank financial planning. |
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Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
16 months! No way, try 36 months.
I lost money when I bought a business from a conman. ASIC knew about the activities of him and his partner, had done for years, but nothing was mentioned about him on their website. So much for due diligence. A couple of years later I saw the partner at a business fair, running the same scam again. I told ASIC, but nothing was done. It's about time ASIC was investigated, they are a waste of time as they are, and cannot be trusted.