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Myriam Robin

ASIC sues ex-commissioner’s new employer

In an industry full of well-compensated chancers and spruikers, vanilla Vanguard is being sued regarding an ETF that charges a mere 0.24 per cent fee.

Myriam RobinRear Window editor

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The Australian Securities and Investments Commission was not a settled place when commissioner Sean Hughes left it in January.

News of chairman Joe Longo’s “abject” apology for the public dressing down of an underling had just made this newspaper. As had earlier grumblings about the increasing centralisation of power to Longo and deputy chairwoman Sarah Court.

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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/asic-sues-ex-commissioner-s-new-employer-20230726-p5drf5