ABC News (Australia) published this video item, entitled “Should ASIC have acted sooner to protect victims of collapsed housing scheme? | 7.30” – below is their description.
The corporate regulator ASIC is under intense scrutiny before a parliamentary inquiry. ASIC is being grilled over whether it failed to stop a misleading and deceptive investment product that targeted elderly people seeking retirement housing.
The collapse of the Sterling Group means elderly people have lost their life savings and are being evicted from their homes. Michael Atkin reports.ABC News (Australia) YouTube Channel
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