20th February 5.00pm deadline fast approaching.
No word from White Knights on how am I to keep FAITH
in their recovery offer.
In the meantime & hot off the press (thank you WA) is this
late gallop from ASIC:
ASIC eyeing criminal prosecutions after royal commission
By Stephen Long Updated about 3 hours ago
Photo: Twelve investigations are underway relating to cases raised in the banking royal commission. (AAP: Dean Lewins)
Related Story: What's the deal for consumers in the wake of the banking inquiry?
Related Story: ASIC takes NAB's MLC and NULIS to court over fees for no service
Related Story: Is it time for the corporate watchdog to be put down?
The corporate watchdog is contemplating more than 40 court cases — including criminal prosecutions — in the wake of the banking royal commission, as it adopts a litigate-first strategy.
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But when still in Commission mode, this was on the table:
https://www.abc.net.au/news/story-streams/banking-royal-commission/
Banking royal commission report at a glance
Commissioner Kenneth Hayne has made 76 recommendations to overhaul the banking sector. So what's in it?
Banks face criminal charges and $1b bill in fee-for-no-service ... - ABC
https://www.abc.net.au/news/2018-08-17/apra-under-fire-for...to.../10129612
Aug 17, 2018 - Banking royal commission: Banks and AMP face criminal charges and $1b bill in ... with confirmation ASIC is likely to pursue them through the courts over the ... face criminal sanctions; ASIC says Parliament needs to tighten laws banning ... the bank of breaking both the Corporations Act and the ASIC Act.
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Some wrists were slapped, no great shakes though from Regulator.
That was the time to INITIATE CRIMINAL PROSECUTIONS, instead of
just mumbling "ASIC is likely to pursue ".
So much time wasted and this "pledge" will without a doubt be another burst balloon.
Unless ASIC IS TERMINATED.
So, TOMORROW by 5pm, last minute decisions are to be made.
I for one do not intend to make SR Group "great again" with my registration.
I won't be missed, I am sure.
But by all means, may the Group redeem themselves in your eyes.
I will sleep well in either outcome!
Cheers,
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