Below is the reply from ASIC after I asked whether I can deposit money to a broker regulated by them for forex trading.
According to the reply, I'm confused if we can trust regulator and what they can do once there is an issue someday.
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Thank you for your enquiry
We are unable to confirm or deny a complaint about a company. If we have any comments to make about a company the comments would be in the form of a media release. However it must be noted that media releases are generally only produced after a matter has been to court or after a complaint has been investigated if the matter is within our jurisdiction. For copies of media releases issued you can search our website at www.asic.gov.au/mr.
To assist you in making a judgment about a company that you are considering dealing with, go to ASIC Connect at www.connectonline.asic.gov.au. This site allows you to do free searches, and purchase paid searches, to obtain information about companies.
Please also refer to the information on our website at: http://asic.gov.au/for-business/your...and-companies/.
Due to the unique nature of each enquiry ASIC is not able to provide interpretations or recommendations specific to some enquiries or circumstances. If you require further information please seek independent advice through an ASIC registered agent, your accountant or solicitor.
Regards,
"
According to the reply, I'm confused if we can trust regulator and what they can do once there is an issue someday.
"
Thank you for your enquiry
We are unable to confirm or deny a complaint about a company. If we have any comments to make about a company the comments would be in the form of a media release. However it must be noted that media releases are generally only produced after a matter has been to court or after a complaint has been investigated if the matter is within our jurisdiction. For copies of media releases issued you can search our website at www.asic.gov.au/mr.
To assist you in making a judgment about a company that you are considering dealing with, go to ASIC Connect at www.connectonline.asic.gov.au. This site allows you to do free searches, and purchase paid searches, to obtain information about companies.
Please also refer to the information on our website at: http://asic.gov.au/for-business/your...and-companies/.
Due to the unique nature of each enquiry ASIC is not able to provide interpretations or recommendations specific to some enquiries or circumstances. If you require further information please seek independent advice through an ASIC registered agent, your accountant or solicitor.
Regards,
"