ASIC should go back to 2010 4 Corners Report where Australian superannuants (retail investors) lost $1 billion in the Timberwolf scandal, where an American investment banks was dealing in its own securities that were unlisted and paid commissions to sell the securities before the GFC collapse. "Tony" D'Aloisio AM was former Chairman of the Australian Securities and Investments Commission (ASIC) blamed advisers, not the institution doing self dealing. Of course, advisers would not have had access to full information disclosure, caught up in a Catch22. SEC in USA prosecuted, ASIC twiddled its thumbs. 4 Corners Timberwolf program showed the US Senate Hearing. Australian politicians failed to hold their own Senate Hearing (lame ducks).