Open letter to the regulator ASIC, page-98

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jawburns

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19/10/21

15:49

Post #: 56910960
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Originally posted by aes411: ↑

LOL. Don't ask me, ask KL, ASX's Chief Compliance Officer. He specifically told ASIC they couldn't go ahead without a direction from ASIC:

You need to ask KL why evidence was important, not me. He knows more about ASX's powers than I do. ASIC also said they didn't have a smoking gun. So perhaps you could direct some questions to ASIC too?

The conclusion here is simple: ISX could have easily been investigated without being suspended, just like the 13 other examples given. That's the reason those examples were given. But ASX wanted the suspension and JK has said the true reason will be revealed in court eventually.

If listing rules clearly spell out circumstances under which you could suspend any listed entity, yet you go running to the regulator claiming you don't have the powers, doesn't it mean your powers don't permit suspending the entity for the reasons you were thinking of at the time? And that's what the court is after.

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Crown casino and star casino still trading, why haven’t they been suspended. Why not investigate them?

Originally posted by aes411: ↑

LOL. Don't ask me, ask KL, ASX's Chief Compliance Officer. He specifically told ASIC they couldn't go ahead without a direction from ASIC:

You need to ask KL why evidence was important, not me. He knows more about ASX's powers than I do. ASIC also said they didn't have a smoking gun. So perhaps you could direct some questions to ASIC too?

The conclusion here is simple: ISX could have easily been investigated without being suspended, just like the 13 other examples given. That's the reason those examples were given. But ASX wanted the suspension and JK has said the true reason will be revealed in court eventually.

If listing rules clearly spell out circumstances under which you could suspend any listed entity, yet you go running to the regulator claiming you don't have the powers, doesn't it mean your powers don't permit suspending the entity for the reasons you were thinking of at the time? And that's what the court is after.

Expand

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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Open letter to the regulator ASIC, page-98

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HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

Essential Energy conference: Streamlining approvals key to the green energy transition

Essential Energy conference: Elixir talks up unlocking QLD's Taroom Trough

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