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Australian system needs "substantial reassessment": SEC veteran

In light of news about a potential Royal Commission, former assistant director of the division of enforcement at the US Securities and Exchange Commission Jordan Thomas has said Australia's financial system could benefit from "substantial reassessment."

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Read more: SECUS SecuritiesAustraliaExchange Commission Jordan ThomasRoyal CommissionASICFinancial StandardLabaton SucharowOffice of Market IntelligencePrime Minister Malcolm TurnbullTreasurer Scott Morrison