Conflict of interest

April 15, 2008, 4:43pm,  146 views

Michael West wrote a strong and thoughtful opinion piece in The Age on Opes Prime and the role of Australia’s corporate regulators.

There does seem to be an undeniable case that the Australian Securities Exchange has failed to adequately monitor and regulate the industry it profits from.

While the ASX has raked in billions of dollars in trading revenue, it has not done a good job of ensuring a level playing field for all investors.

West calls the ASX and ASIC “watch poodles”.