The Brits had a go at Rio Tinto and have already settled. The Americans are now having their go. But in Australia, our corporate regulator is studiously silent.
Wanna do what you want, when you want, because you wanna? Just make sure the rules you break are enforced by these guys.
Prime Trust swindled investors out of millions. But its directors escape penalty because ASIC got its dates wrong.
Despite efforts to declare a new era of aggressive financial planning regulation, ASIC still struggles with the basics with a diminishing budget.