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How about the headline " ASIC misses fraud scheme, intervenes after client money is gone". Why give the regulator a part on the back? They have failed yet again in early prevention and it tarnishes the rest of us. Isn't funny how easy it is for a 21 yr old to steal millions of dollars under the supposed surveillance systems of the regulator, because the regulator is too busy checking SOA disclosures, losing in court and courtin the public through the media . Their priorities are totally warped.