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 Whatever the statists touch, turns to shit: 'They haven't got the balls': Spotlight falls on OZschwitz company cop

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RR Phantom

RR Phantom

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Whatever the statists touch, turns to shit: 'They haven't got the balls': Spotlight falls on OZschwitz company cop Vide
PostSubject: Whatever the statists touch, turns to shit: 'They haven't got the balls': Spotlight falls on OZschwitz company cop   Whatever the statists touch, turns to shit: 'They haven't got the balls': Spotlight falls on OZschwitz company cop Icon_minitimeFri Apr 27, 2018 6:41 pm
It had already been a bruising few weeks for the corporate regulator by the time Louise Macaulay, the senior executive leader of its financial advisers team, sat down to give evidence at the financial services royal commission on Friday.

Whatever the statists touch, turns to shit: 'They haven't got the balls': Spotlight falls on OZschwitz company cop 797a18429d0840021b557ab7ee04926813d984eb

Every scandal uncovered by the royal commission has prompted questions of whether ASIC had done its job in chasing the wrongdoers and protecting the public. The evidence has been damning. A procession of financial institutions have lined up to admit they lied to, or simply didn't tell, ASIC about cases of misconduct - so little did they fear the repercussions.

Under questioning from counsel assisting the commission Rowena Orr, QC, Ms Macaulay was forced to defend ASIC's record of apparent reluctance to pursue dodgy financial advisors, admitting it had not used its powers enough in the scandal-prone financial advice sector.

https://www.smh.com.au/business/banking-and-finance/they-haven-t-got-the-balls-spotlight-falls-on-company-cop-20180427-p4zc3m.html

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