DingoBorat
Slim
Is this some kind of a joke, by the ASIC??..Can only hope that this is the start of something beautiful.
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24-177MR ASIC sues ASX for alleged misleading statements | ASIC
Fair, strong and efficient financial system for all Australians.asic.gov.au
"ASIC Chair Joe Longo said, ‘ASX’s statements go to the heart of trust in the integrity of our markets. We believe this was a collective failure by the ASX Board and senior executives at the time"
The ASIC sit on their hands and just watch all the BS going on.
Then they pat themselves on the back..
"On 7 March 2024, ASIC announced ASX had paid a penalty of $1,050,000 following an ASIC investigation into its compliance with the market integrity rules. More recently, ASIC took action against a ‘pump and dump’ scheme and attempted manipulation of commodities markets. These proceedings underscore ASIC's commitment to ensuring all market participants comply with the law"
Meanwhile, the ASX writes off the project (CHESS replacement) for 250 million, which is more than likely well above it's costs and claims a very meaty tax offset.
"That review identified significant challenges with the solution design and its ability to meet the ASX’s requirements. Following the release of the Accenture Report, ASX decided to pause the project and wrote down costs of $250 million".
They are literally a bunch of dancing overpaid clowns, like all government bodies, that are only funny, when they're not trying to be..
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