If anyone can explain to me how the ASX can suspend ISX for months without providing investors with any substantive evidence of the company breaching the law or listing rules I would be very appreciative. While some of ISX's customers "may" have breached laws, I wasn't aware that a company could be held accountable for the behaviour of its customers.
My confusion is further compounded by the fact that the ASX apparently has no issue with the big 4 banks breaching laws for years and years. To the best of my knowledge, the ASX has not suspended any bank including Westpac with its confessed 23 million breaches of anti-money laundering and counter-terrorism financing laws.
In my view, the ASX presents one of the biggest risks associated with investing in Australia. It is not an organisation that I have any confidence in. FWIW I'm progressively liquidating all of my ASX holdings in favour of more transparent and accountable exchanges.
ISX Price at posting:
$1.07 Sentiment: None Disclosure: Held
