In response to the OT Capital issue I would say this:
On the surface it does look suspicious, I agree. It's a lot of revenue from one provider who was then subsequently subject to legal proceedings from ASIC.
However, OT Capital was provided a license by ASIC, so at some point ASIC accepted that OT Capital were fit and proper to conduct their stated business. If there is a kink in ISX's due diligence framework for on-boarding clients, their is an even bigger chink in ASIC's. It also helps to cement a position of plausible deniability, if ASIC could get it wrong it's very likely ISX could also get it wrong.
ISX has referred ASX to a termination notice with respect to OT Capital and the other investigated entities - we however cannot see this due to confidentially. But it appears we are safe to assume that ISX terminated it's operations when ASIC finally caught on to their impropriety.
