The Australian Securities and Investments Commission (ASIC) risks creating a “lawyer’s picnic” if it proceeds with moves to seek to recover the costs of its investigations from the people it successfully prosecutes.
That is the assessment of specialist financial services lawyer, Ian McDermott, who has cautioned that while, at first blush, such a move might appear fair and understandable, it might ultimately prove to be counter-productive.
Read the full article in Money Management
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