In Australia, the financial press is in an all-out frenzy following the bitter loss by its country’s regulator, the Australian Securities and Investments Commission (ASIC), in an 8-year-old case against Jodee Rich. The loss has been described as a “crushing defeat” and a “monumental, utterly unqualified catastrophe,” with still others saying that a “sick ASIC should be put out of its misery” and disbanded altogether. Full details are available in this post on my Enforcement Action blog over at Compliance Week.
‘Enforcement 40’ for 2020
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