The regulators put some accountant from a tiny office in the suburbs up as an example of ''look at us doing our job" while the real criminals deal with near impunity.
They then through out the statistic.....''prosecutions are up by 30% this year'' .
When AMP made an offer for National Mutual a couple of years back the Nat Mutual stock rose around 5% on the day before announcement ( general market was flat). Half the banks and large law firms were doing work on the deal before announcemnt yet not one peep from regulators.
GCN Price at posting:
1.3¢ Sentiment: None Disclosure: Not Held