'Anne Lampe, a former employee of ASIC's media unit, criticised the regulator for ''springing into action'' when the number of complaints by investors reached ''tsunami'' levels. ''When small investors lost money, ASIC seemed incapable of action or didn't think it necessary,'' she said. ''However, if a corporation or big fish reported a trading irregularity, backsides came off their seats quickly.''
Read more: http://www.smh.com.au/business/asic-must-suffer-slings-and-arrows-20140218-32yho.html#ixzz2tipVUAwq
How many more companies in Oz will casually go into admin without any recourse.
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