Ann: Commences Federal Court Action against ASX, page-1506

ISS's C rating is arse covering by the box tickers, while they await a suitable opportunity to beat a hasty retreat "in light of new evidence". ISX is a KYC company who didn't KYC its own customers well enough to check they weren't involved in unscrupulous conduct. I don't need to know the back story, the recent revelations are evidence enough. In my view, even if ASIC doesn't close them down, no serious institution will work with them again.