I hope that the local police will not react this way when a car accident, a rape, a fire, or a burglary is reported.
'We will look into this within the next 28 days'.
However we see here an ongoing event in bright daylight, ripping people of their life savings.
The response one get from our watchdog the 'Australian Securities and Investment Commission', after reporting the incident, is with a bit of luck they will look into this within 28 days, whoopy doo.
In the mean time this theft continues.
Who is going to reimburse the people their stolen money?
The government? ASIC? The perpetrators? The ASX?
Or is this ruling:
https://www.legislation.gov.au/Details/F2018C00334/Html/Text#_Toc513191229
highly irrelevant and better be used to decorate toilet paper with?
28 days!
Any Securities and Investment Watchdog working like this should be ashamed of itself.
What they essentially are saying is:
'Come on all thieves and crooks of this world, the savings and investments of the people of this country can be stolen at your will, if we have some time we might have a look at what is going on'!
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