ISX Financial, page-647

It will not be ISX suing ASIC,. it will be the Shareholders that will call for a Class Action ....

....what do you think of the Multiple F^%$# ups of ASIC K ...... too many Peeps destroyed because of ASIC K


The report of the 2021-22 Senate inquiry into Sterling Income Trust slammed the failures of both the Australian Securities and Investments Commission (ASIC) and WA’s Department of Mines, Industry Regulation and Safety (DMIRS) Consumer Protection, which share responsibility for the Sterling First disaster.Soon after the Sterling New Life rent-for-life scheme started in 2015, ASIC began receiving complaints about the scheme but took no action, not even to inform the existing customers that it knew the Sterling First directors had misrepresented the scheme.ASIC also knew the directors were serial Ponzi offenders associated with previous collapsed schemes and hundreds of millions of dollars of investor losses.