Watching the watchdog: Secondments spell trouble at ASIC
Date February 24, 2015 - 2:33PM Michael West
Read more: http://www.smh.com.au/business/bank...le-at-asic-20150224-13n6xb.html#ixzz3ShBF1aPB
I am pleased to see you seamisty admitting Michael West back into your trust.
As was not the case back in Sep 12 2008 when you wrote this critique:
[ Its a pity Michael West did not research his article a little better as he missed some key points.
Resolution 3 which will activate the 2% severance fee of WC up to $8million is optional
so if unitholders don't like the content they can simply vote NO.]
… and it continues…
Michael West is a tireless fighter for justice in this cauldron of Australian financial maze.
While PIF is among dozens of other investor groups singed and corroded by ASIC’s
legendary reticence to use its legislative powers, PIF is by far the most damaged by it.
This is so when considering some recoveries achieved for those ASIC chose to favour over PIF;
read Wellington Capital proximity.
It is to be hoped these criminalities will emerge and will be exposed by the likes of Michael West.
Thanks for the article; to you and Michael.
Regards,
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