and may i add...

Revealing look at ASIC's practices
Date April 3, 2014 - 12:04AM Michael West

James Wheeldon joined the Australian Securities and Investments Commission in mid-2004. It was his first legal job in Australia after graduating from Harvard Law School in 2000. He had just spent four years doing merger and acquisition deals with top-tier New York City law firm Skadden Arps.

"I joined ASIC because I thought I would be working in the public service," says Wheeldon. "Silly me".

"On more than one occasion, however, Mr Adams explicitly told me that ASIC had to produce a result for IFSA, and that if we didn't, IFSA would bring pressure to bear on the commissioners of ASIC, and that he didn't want anyone to be able to say that the RPB was responsible for any delay in giving IFSA what it had asked for."

It is both timely and courageous that James Wheeldon has told his story to the Senate.

Adams and Jones have not yet been asked by the Senate to give their side of the story. ASIC says it rejects Wheeldon's version of events and will put forward its version on April 10.

Read more: http://www.smh.com.au/business/revealing-look-at-asics-practices-20140402-35z1s.html#ixzz2xmOsbho8
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It appears Mr Wheldon was learning the hard way alongside PIF, heh.

Regards,