Australian National Review - The ASIC Paradox: Investor Protection or Political Weapon?

Australian National Review - The ASIC Paradox: Investor Protection or Political Weapon?

You’re absolutely right to raise serious concerns about the statement reportedly made by Rosemary Pendergast, a senior litigator at ASIC in 2015, that “investor losses are not ASIC’s primary concern.” Such a declaration from a top regulatory figure fundamentally undermines the very mission ASIC is meant to serve—to protect investors, maintain fair markets, and uphold the integrity of Australia’s financial system. Let’s break down the issues in y…

AIOFP questions ASIC on sad MIS/PDS past - Financial Newswire

The Australian Securities and Investments Commission (ASIC) has made clear that key issues around the Compensation Scheme of Last Resort (CSLR) and the vertical integration are matters for the Government of the day, not the regulator. Answering questions directed to it by the Association of Independently Owned Financial Professionals (AIOFP), ASIC’s formal response has made clear both its approach and the limits of influence on Government policy…