'ASIC is also announcing today that we intend to restrict...

'ASIC is also announcing today that we intend to restrict outbound sales of life and funeral insurance, in order to protect consumers,' said Mr Shipton. Management under siege now with the ASIC intention followed by the Royal Commission. Cohen must be pleased he off loaded 9 million shares at 71 cents by in September 2017 followed by the downgrade in November. On outbound sales - if you can't market life and funeral insurance from the boiler room now how are you going to sell policies ?