Also with CBA, as stated, its a mistake. Not deceptive...

Also with CBA, as stated, its a mistake. Not deceptive conduct/fraud as with the Big Un case. Big Un engaged in a highly deceptive scheme to inflate their cash receipts with the goal of ramping their share price. Noone I their right mind procures financing at an effective 24% rate of interest (dressed up as "commission")...


Anyway there is no real need for me to argue here. CBA will be hit with a fine and will carry on business as usual. Big Un will likely never trade again, and hopefully the directors will go to jail for fraud.


Both penalties, in my opinion, will be justified