Just saw the below posted in the Financial Standard, does anyone know what he is referring to? I have not been able to find an announcement that contains such a product. Is he making comments on an unreleased announcement?
"Speaking over the phone for the Governance Institute of Australia's virtual governance and risk management forum, the ASX's chief compliance officer Kevin Lewis said **promotion blocked** has honed in on misleading and inappropriate conduct during the COVID-19 crisis."We continue our focus on inappropriate behaviour by advisers, in particular around gouging on fees," he said.The ASX has reviewed around 70 COVID-19 announcements from different companies, with **promotion blocked** finding that approximately 50 of them were misleading."Unfortunately, the current environment has presented some opportunities for those who want to be opportunistic, and we have had a few companies at the lower end of our market that that's probably a fair description of and have been making COVID-19 announcements that have been misleading," he said. One such announcement made claims of a zinc-based sunscreen, which when gargled, could protect against COVID-19, Lewis said."
ASX Price at posting:
$83.08 Sentiment: None Disclosure: Not Held
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