stokes breaks silence, page-111

Occam, you;re missing my point, and I don't understand how on one hand you say ASIC is required to act, then on the other say it picks its battles.

My point is that how ASIC acts is at its discretion. As I said I used to work for ASIC so know how they evaluate the steps they will take, and know that some clear breaches of the Corps Act are ignored due to lack of resources. Why do you think they are prosecuting Macquarie on behalf of investors over the Storm collapse, but not Great Southern or its auditors over its collapse ? They have a discretion and the number of people impacted is material to that decision. You're kidding yourself if you think otherwise.