RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Useless OZschwitz Watchdog to investors: You're on your own Wed Jun 04, 2014 8:29 pm | |
| Investors could be left to fend for themselves in the face corporate wrongdoing or crisis, the corporate watchdog has warned, as budget cuts strip it ability to monitor parts of the market.
Australian Securities and Investment Commission chairman Greg Medcraft told a Senate estimates hearing that there would no longer be a corporate cop "on every corner" and that investors would need to take more responsibility for themselves.
Mr Medcraft said the areas most heavily hit by budget cuts would be ASIC's markets and consumer surveillance teams, including the monitoring of prospectuses and credit, deposit taking and insurance monitoring.
He said its registry business would also be downsized.
http://www.smh.com.au/business/youre-on-your-own-watchdog-asics-warning-after-budget-cuts-20140604-39i4s.html _________________ Anarcho Capitalists Retail , OZschwitz Downunder BoutiqueAnarcho-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
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