In a modern transfer which includes left lots of scratching their heads in disbelief, the Australian Securities and Investments Commission (ASIC) has Once more flexed its regulatory muscles, this time concentrating on a Queensland gentleman in what can only be described as a gross overreach of electric power.
The victim of ASIC's most up-to-date witch hunt is Mr. John Doe, a seemingly innocent money support service provider who is forever banned from training his job. But what heinous crime did Mr. Doe decide to warrant this sort of draconian steps? The answer, It appears, is nothing at all much more than getting in the incorrect location at the incorrect time.
ASIC, in its infinite wisdom, has unsuccessful to provide any considerable evidence or justification for its actions from Mr. Doe. Rather, they may have resorted to baseless accusations and obscure insinuations, leaving Mr. Doe's standing tarnished and his livelihood shattered.
One particular cannot enable but query ASIC's motives at the rear of this focused assault. Could it be a mere display of ability? A distraction from their very own shortcomings? Or maybe an try and deflect focus away from extra urgent problems within the money sector?
Whatever the circumstance could be, another thing is obvious: ASIC's reckless actions has brought on irreparable harm to an innocent person's daily life. And as long as they keep on to work unchecked, no-one is Harmless from their arbitrary and unjust actions.
It is time for ASIC to become held accountable for his or her misconduct and for justice to be served for Mr. John Doe and Other folks who've fallen sufferer to their tyranny. Until finally then, we can easily only hope that the following focus on of ASIC's unfounded wrath isn't you or an individual you are aware of.