The Australian Securities and Investments Commission has won its first case arising out of the banking and financial services royal commission.
ASIC alleged Dover imposed a misleadingly titled"client protection policy" on its clients, which in fact offered greater protection to the firm itself. Mr McMaster memorably ended his evidence to the royal commission abruptly in April 2018, collapsing in the witness box and leaving on an ambulance stretcher.
Justice O'Brien did not impose a penalty. He’s been a very naughty boy. Why they use the term Justice in these appointments is beyond me.
The old dog roll over and capitulate ploy.
Only 19,400 charges .. westpac? 23 million
It's easier to catch them when they're laying on the floor than it is when they're lying in the stand🙂!