Was referring to ANO and displaying an extraordinary degree of...

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LuckyBloke

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26/05/20

14:58

Post #: 44843800
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Originally posted by ahahahah: ↑

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."

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Was referring to ANO and displaying an extraordinary degree of arrogance and stupidly. Clearly didn’t actually understand the science and furthermore has no insight into where his circle of competence ends. Would have been better to shut up and look foolish than to say something that removes any doubt!
Has now left the organisation...

Last edited by LuckyBloke: 26/05/20

ASX Price at posting: $86.43 Sentiment: Hold Disclosure: Held
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Was referring to ANO and displaying an extraordinary degree of...

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Was referring to ANO and displaying an extraordinary degree of...

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