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asic caned over tardy probe on cba financials

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    June 5, 2013

    Adele Ferguson, Chris Vedelago and Ben Butler

    The Australian Securities and Investments Commission has been lashed over its failure to investigate the claims of whistleblowers at the centre of Commonwealth Bank's financial planning scandal.

    In a heated exchange at a Senate estimates hearing, Nationals senator John Williams slammed ASIC deputy chairman Peter Kell over a 16-month delay between the time whistleblowers approached the corporate regulator and ASIC's move to seize the files of CBA financial planner Don Nguyen.


    Read more: http://www.smh.com.au/business/asic-caned-over-tardy-probe-on-cba-financials-20130604-2nohg.html#ixzz2VHxMHNbW
 
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