The Australian Securities and Investments Commission (ASIC) investigation into reports issued by Property Investment Research(PIR) about Westpoint has been concluded.
In a brief statement, ASIC announced that after discussions with PIR concerning the reports it had issued about Westpoint’s products in October 1998 and August 2005, it had decided to end its enquiries.
“ASIC appreciates the full co-operation of PIR throughout the investigation,” the statement said.
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