I have no faith in ASX or ISX as both are taking us for ride and ASIC is fence sitter and it is close to a year and they can’t even make a decision if ISX is guilty or not. Both ASX and ASIC are good in using rules and regulatory powers on small companies but when it comes to big banks and companies non compliance they are sleeping or are slapped with fine and continue trading.
Hopefully court decision relives us from pain and criminal action and damages claim to proceed against ASX or ISx whoever found guilty.
The role of ASIC in this whole saga to protect investors and speed up investigation and make ASX or ISX accountable is not at the level you expect from regulator.
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