AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryRegisterLog in

 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone
 

 Statist slime: Emails reveal special ASIC exemptions for select OZschwitz fund managers

View previous topic View next topic Go down 
AuthorMessage
RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

Statist slime: Emails reveal special ASIC exemptions for select OZschwitz fund managers Vide
PostSubject: Statist slime: Emails reveal special ASIC exemptions for select OZschwitz fund managers   Statist slime: Emails reveal special ASIC exemptions for select OZschwitz fund managers Icon_minitimeMon Dec 09, 2013 2:40 am
Top brass at the Australian Securities and Investments Commission have claimed on a number of occasions that the corporate regulator does not do favours.

Statist slime: Emails reveal special ASIC exemptions for select OZschwitz fund managers EmailLN-300x0

However, a series of internal emails obtained by Business Day shows ASIC gave special exemptions to the funds management industry after requests by its peak lobby group. The exemptions give big fund managers relief from having to provide reasonable and appropriate advice to their customers - including disclosing the effect of fees on a fund's investment performance.

In the lead-up to the Super Choice reforms in 2005, where for the first time investors would have been able to choose between low-fee industry funds and higher-fee retail funds, the Investment and Financial Services Association (IFSA - since renamed Financial Services Council) lobbied ASIC to amend the laws. ASIC duly provided exemptions for retail funds from having to disclose the effect of fees in their online calculators.

Read more: http://www.smh.com.au/business/emails-reveal-special-asic-exemptions-for-fund-managers-20131208-2yzdj.html#ixzz2mxf47SQC
Back to top Go down
 

Statist slime: Emails reveal special ASIC exemptions for select OZschwitz fund managers

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-
 :: 

Anarcho-Capitalist Categorical Imperatives

 :: 

AnCaps' Laissez-faire Free Trade Zone
Index, Portal, Induct Yourself Here, Forum Technical Non-Assistance, Philosophy & Religion, Realpolitik Statism & Bureaucracy, Law & Order, Rights Individualism & Lifestyles, Laissez-faire Free Trade Zone, Science Technology & Environment, Psychology Edumbcation & IndoctriNation, Culture & Art, Ancapdemia's Ebony Basement, High Octane One-on-One Debate, Celebrate Evildoers' Inadvertent Contributions to Ancap Values, Idiot of the Week Award Nominees Are, Humor, Freestyle Miscellaneous, Ancaps Emporium, OZschwitz Slave Pen Downunder Boutique, Anarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist,Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy, Market Anarchism, Volunteerism, Libertarian anarchism,
Free forum | Society and Culture | Politics | ©phpBB | Free forum support | Report an abuse | Forumotion.com