OEX 20.0% 0.6¢ oilex ltd

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  1. 1,409 Posts.
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    Any policing or monitoring has been stopped completely, and back dated, due to Federal budget cuts.
    It goes along with all the other measures to cut red tape and give the market greater freedom to operate more efficiently. It's part of the greater package of Abbott reforms of the financial system, it's going to save us all a lot of wasted expenditure - financial advisors unfetted to act on our behalf (aren't we the lucky ones), take ongoing trailing commissions for doing less than tiddly-squat, put the breaks on industry funds so that more funds can so that more investment will go to pricy retail funds ..... Abbott's your man.
    There's just a sign above the ASIC door now, that's it - get used to it, it's going to make all of us richer at the end of the day.
 
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