The Australian Securities and Investments Commission will face the senate for their actions in 2013 when they blocked 250,000 websites under investigation for fraudulent investment activities.

The Senate Communications Committee will conduct a public hearing tomorrow to question ASIC’s actions to block websites – even that of the Melbourne Free University. The ASIC has released a submission to the inquiry defending their actions, stating that they only intended to block a small number of websites in April 2013, but inadvertently blocked 250,000 websites instead.

Since the event, the ASIC has not requested for blocking websites, but instead encouraged submission of suspected fraudulent websites from the public.

Read more about this on the Financial Standard website.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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