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Recent Press Clippings

2009_0++9_04_Savundra
_MacAulay

2009_09_13_MacAulay_Savundra

ASIC will no longer answer any of my questions (they never have), but will place thspan on record. The two documents say something about myself. More importantly, they say much more about standards within ASIC.
2011_02_15_Rant I guess that shows how I feel at this point in time.
Simple case of conflict of interest.
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  2012_02_06_TheAustralian MORE THAN HALF OUR BIG FIRMS FAIL REPORT TEST
ASIC's silence on te matter is deafening.
  2012_02_06_SMH WATCHDOG MUST STOP BROKERS SUING CLIENTS/ MONEY AS A PIGGY BANK
But they are our mates..
  2012_02_06_InvestorDaily NO FURTHER FOFA IMPACT STUDY NEEDED: RIPOLL
It's all just political manoeuvering either to delay or obstruct the legislation," he said.
  2012_02_06_InvestorDaily_2 ASIC WINDS UP PLANNING BUSINESS
After the punters have done their dough of course.
  2012_02_06_SMH_2 BANKS LOSE FIGHT OVER ABC LEARNING
  2012_02_03_MoneyManagement ASIC WARNED TO STAY INDEPENDENT
So we are noy allone in believingthe ASIC approach is "highly unprofessional and inappropriate".
  2012_02_02_FinancialStandard ASIC CoNTUNES TRIO CRACKDOWN
Investors can only wish the permanent bannings took place much earlier.
` 2012_01_31_IBTimes ASIC CRITISES POOR QUALITY OF ADVICE GIVEN BY AUSTRALIAN FINANCIKAL PLANNERS
Um, doesn't ASIC monitor and controlthr planners?
  2012_01_31_SMH_3 ADVICE REFORMS CAN'T WAIT
Perhaps ASIC can explain how things got to this stage without ASIC taking action.
  2012_01_31_SMH_2 HOW ASIC WENT ASTRAY IN FAULTY COMPANY CASEJust
ASIC doing what it does best!
  2012_01_31_SMH ASIC FINALLY STEPS IN TO FELL DODGY OPERATORS IN AGRIBUSINESS INDUSTRY
Most investors have lost their money, so its time to make a statement on the matter.
  2012_01_31_TheAustralian ASIC IS OVERHAULING AGRIBUSINESS SCHEME REGULATIONS
Better very, very, laye than never.
  2012_01_30_SMH_1 THE REGULATORS BROKEN COMPASS
So whag else is new?
  2012_01_30_SMH ELDERLY WIDOW LATEST TWEED VICTIM
When are we going to get the necessary legisation to put such people in jail?
  2012_01_27_TownsvilleBulletin LAWYERS LASH OUT ON ASIC IN STORM SAGA
The lawyers do have a point.
  2012_01_26_SMH POWER OF CREDIT RATING AGENCIES CRASHES AND BURNS, SO WHAT'S NEXT?
Obviously the Europeans don't know what happened in Australia.
  2012_01_25_SMH STING OPERATION REVEALS POOR QUALITY OF PLANNING
Fair go! It only taken ASIC since 1999 to find this ouit.
  2012_01_20_SMH LIQUIDATOR TO FAILED COMPANIES BANNED OVER HIS OWN FAIL
Just ask the investors in those companies what they think!
  2012_01_19_ComputerWorld ASIC UPS ITS MARKET SURVEILLANCE
Oh! When did ASIC realise it had to carry out real time surveillance. Even if it does, I'believe it when ASUC takes time action for breaches.
  2012_01_17_ProfessionalPartner ASIC POWERS QUESTIONED BY LAWYERS
Wrhile it may be unwise to give an organisation that has proved itself incompetent such wide powers, one must question whether the fear here is a loas of income.
  2012_01_18_SMH BANKS CALL FOR REFORM EXTENSION
If the super funds can do ot, why not the banks?
  2012_01_16_SMH ASIC WANTS SUPER REPORTS EVERY 6 MONTHS
Transparency is laudable - provided those who break the rules are prosecuted.
  2012_01_16_News ASIC WANTS REGULAR SUPER REPORTS
Filing them away will keep the staff busy.
  2012_01_16_ABCNet ARIFF VICTIMS STILL HAVE REGULATOR IN THEIR SIGHTS
Undertandable!
  2012_01_14_HeraldSun BANKRUPTIES SOAR AS TAX BREAKS DRY UP
9000 insolvencies in ten months in the lucky country,
  2012_01_12_HeraldSun CBA TO CHANGE MISLEADING ADVERTISEMENTS
No prosecution for a misdeeed if you are a bank!
  2012_01_12_MoneyManagement THREE STORM ADVISERS BANNED
Oh, what naughty boys and girls. Time out and EU's all round.
  2012_01_12_SMH LAW COUNCIL HITS AT WIDER ASIC POWERS
They certainly give rise to possible misuse of poewr on ASIC's part.
  2012_01_12_SMH_2 WESPOINT'S SHADY DEALS APPEAL THROWN OUT
Carey loses this one.
  2012_01_11_SMH_2 ASIC BANS SECOND COMMONWEALTH COMMONWEA;TH ADVISRR
Which bank again!
  2012_01_11_SMH WATCH DOG CLAIMS CGA SCALP
The "Which bank"?
  2012_01_11_BusinessSpectator ASIC STEPS UP SUPER FUND SCUNTINY
Again loh overdue, but will ASIC act?
  2012_01_10_FinancialPkanning THE FUTURE OF INANCIAL ADVICEAND THE EFFECTS ON PORTFOLIO MANAGEMENT
The forma;isimg of duties is well overdue
  2012_01_04_SMH NEW LEVY RISK PUSHIM TRADERS INTO THE SHADOWS
Form your own opinion from the given information.
  2011_12_31_TheAustralian DON'T BANK ON IT: ASIC FAILED TO LAMD A LILLER BLOW ON THE CBA
Another day, another ASIC failure. ASIC maintains its performance.
  2011_12_28_HeraldSun RETAIL, FINANCIAL AND PRORPRTY COMPANIES FACE ASIC SCRUNTINY
When did ASIC stop scrutinising them?
  2011_12_23_TheAustralian STORM STAFF FACE JOB LOSS, PENALTIES
More than a slap on the wrist, but not severe enough
  2011_12_21_InvestorDaily_3 KOCH RESENTENCED FOLLOWING APPEAL
The first breach goes back to 1996!
  2011_12_21_InvestorDaily_2 ACCOUNTANTS REMAIN IN LICENSING LIMBO
We might chnage the current situation, then again we may not.
  2011_12_21_InvestorDaily APL EDUCATION NEEDS IMPROVMENT
Perhaps the understatement of the year!
  2011_12_20_Bloomberg EX JPMORGAN BANKER PLEADS GUILTY TO VALAD INSIDER TRADING
Doesn't mention the penalty.
  2011_12_20_SMH ROME BURNS, ASIC SHOWS BANKRUPT DETERMINATION
Well said, Adele.
  2011_12_20_InvestorDaily ASIC SUSPENDS EQUITRUSTS FINANCANCIAL SERVICES LICENCE
Susoends licencem but no prosecutions though.
  2011_12_!9_SMH SHORTEN MAY DELAY REFORMS
Planners clim they can't get ready in time.
  2011_12_19_SMH_2 MF GLOBAL FIASCO MAKES FOR BETTER CLIENT PROTECTION
Canada Gets it right, but not Australia.
  2011_12_!9_SMH_3 $34 MILLION INVESTOR FUNDS IN LIMBO
A lesson on how to create a financial shambles
  2011_12_16_SMH REPRIEVE FOR CBA IN MARGIN LOAN CASE
However, lack of faith and unconscionable conduct not thrown out.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
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