Latest from ASIC: Thank you for your correspondence of 9 July 2014 to Mr Greg Medcraft, Chairman of the Australian Securities and Investments Commission (ASIC) concerning Wellington Capital Premium Fund.
The Chairman has referred your correspondence to the specialist area in ASIC for consideration. You will receive a response in due course.
My response:I rarely receive an appropriate follow up response from ASIC, I just keep lodging my concerns because I keep a record of how ASIC continues to fail investors in the Wellington Capital Ltd Premium Income Fund and how much it costs investors due to that failure!
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