ASIC Deputy Chair Says Seeks Future Penalties in ASX Civil Suit
- Sarah Court speaks in Bloomberg TV interview in Melbourne
- ASIC says case in early stages, court to decide on allegations
This article is for subscribers only.
Australia’s markets regulator plans to seek penalties after it sued ASX Ltd. for misleading statements relating to years of concerns over the progress and delays of a technology project.
Australian Securities and Investments Commission Deputy Chair Sarah Court said the case against ASX is in its “early stages” and while it “will be seeking penalties down the track,” it is now up to the Federal Court to decide on the allegations made in the civil case.