The potential punishment is getting baned and fined by the court for a period of time and amount of money it deems fair. As you know, ASIC is seeking both these outcomes for the CEO.
The conflict of interest narative you have there is weak. Essentially you're saying that once ISX sues ASX it can no longer do its job as market operator? It can't hold ISX to account for listing rules because ISX decided to sue it? So any company that wants to deflect any ASX actions just sues them as a tactic?
And the VISA thing, what on Earth are trying to say? The Visa termination happened months after the suspension. ASIC has every right to investigate and sue over that. Have you considered that maybe its not a conspiracy ASIC and ASX went after ISX for additionally things, but actually because ISX conduct justified it?
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