Highly educated SMSF investors prime fraud targets

  By definition intelligent investors use good advisers, who invest in high quality direct assets with sound risk management around individual assets and asset allocation. That means exposure to the opaque or unusual is either minimal (a few % at best) or non-existent.

Most people in the industry have been fooled once at some stage, however it's only the very stupid that have stuck all their client's money into those investments.

Can't we get the public servants to pay attention to the industry and suss out the bad guys instead of producing reports that state the blindingly obvious.