AZZ 0.00% $7.50 antares energy limited

ASIC takes civil action against Antares Energy Limited, page-14

  1. 1,040 Posts.
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    So what does it mean for screwed over shareholders/noteholders? Probably nothing...
    Excerpt from http://download.asic.gov.au/media/1339118/INFO_151_ASIC_approach_to_enforcement_20130916.pdf


    Compensation action
    We have powers under s50 of the ASIC Act to begin a representative action to recover damages or property for persons who have suffered loss. We will ordinarily only take action to recover damages or property on a person’s behalf if this would be in the public interest, beyond the interests of the affected consumers. We encourage investors to consider alternative options to recover damages or property from wrongdoers where possible, such as by lodging a dispute with the Financial Ombudsman Service or taking private legal action.
 
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