Ann: S&P DJ Indices Announces March Quarterly Rebalance, page-188

I note that Michael Pascoe has written an article in the SMH about the need for an enquiry into ASIC labelling it an embarassment. I have not read the article since it has a paywall but I could not agree more and SGH is a prme example being allowed to trade with not nearly enough questions being asked and shareholders being kept in the dark. IMO ASIC has never fultilled its purpose right from the start. The SEC in the US seems to be more proactive have much more teeth and it uses them effectively. In this case SH should have been much better protected by both ASIC and the ASX. But I fear nothing will come of it as usual.