Hi tareqbonny,
Several weeks ago, I received similar answers to the one that itzgr82balive had received from ASIC.
ASIC also failed to reply my second correspondence when asked, amongst other things, to clarify what they meant by
broader community and
beyond the affected individual. They have also failed to address 'the outcomes that I am seeking' or reassure me of their independence as a market regulator.
"ASIC values the information we receive from the public, and reports of misconduct such as yours assist us in working to build confidence in the integrity of the capital markets. ASIC conducts an assessment of every report of misconduct we receive.
The issues you have raised will receive careful consideration, and we have recorded them on our internal intelligence database. In selecting matters for regulatory action, we consider a range of factors, including whether the misconduct report suggests any breaches of the law we administer, whether we have sufficient grounds to suspect that a breach has occurred, and whether regulatory intervention would benefit the broader community beyond the affected individuals.
Please see Information Sheet 152 Public comment which sets out the limited circumstances when we will comment publicly on our activities. These limitations are intended to protect the confidentiality of information reported to ASIC and the integrity of ASIC’s investigation and enforcement activities. For matters involving our market supervision, we are aware that any public comment may affect trading in the market, and we are committed to a fair, orderly, and transparent market.
Accordingly, ASIC does not comment on operational matters, or our assessment of information in relation to markets matters, and we are unable to provide further details about what, if any, action we may or may not take in relation to the concerns you have raised. We hope you can appreciate the reasons why we do not make such comment"Few weeks ago, I did get a reply from one member of the parliament (marked private) when asked whether my email was received.
Hi --------,
Yes I did. I’ve been following this issue for some time now and have written to ASIC with your concerns. I’ve had a few people contact me so I will send through the letter and response to you as soon as I can.
and
No worries --------, Thank you and I hope to have a response soon.
