So ASIC taking WBC to court over disclosure issues is not disclosure issues? help me out here I'm struggling to follow you.
The investigation by the Australian Securities and Investments Commission will extend to Westpac’s continuous disclosure obligations under the Corporations Act for its capital raising undertaken two weeks before AUSTRAC publicly announced its pursuit of the bank.'Regulatory intervention may be warranted'
The Australian Centre for Corporate Responsibility, which represents Westpac retail shareholders, is concerned about Westpac's capital raising disclosures on the AUSTRAC matter.
“There has not been sufficient disclosure to investors,” ACCR spokesman Daniel Gocher said.
“If Westpac does not address the concerns around the SPP, then regulatory intervention may be warranted."
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