I strongly believe that is exactly what happened to PIF investors Splitpin!! I would dearly like to know some of those names that have ben blacked out in submission 345 because I was fobbed off time and time again by certain ASIC employees, patronised, misled, ignored etc. I particularly like this "Investigations are superficial, biased, do not follow procedure, and do not make use of evidence."
Especially since ASIC stopped their investigation into Wellington Capital Ltd due to lack of evidence!!! The evidence was always there (and still is), just never thoroughly investigated. http://www.businessspectator.com.au/news/2013/4/26/financial-services/asic-drops-wellington-probe
ASIC chairman Greg Medcraft hits out at criticism http://www.smh.com.au/business/asic-chairman-greg-medcraft--hits-out-at-criticism-20131202-2yl7d.html
I just bet you do Mr Medcraft because the Senate Enquiry is shaping up to be very revealing, especially when former/current? employees are starting to blow the whistle!!!
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