Heads should Role in the Commerce Commission

The Commerce Commission have serious credibility issues and are in turmoil.

Investors want heads to roll and action to be taken in regard to complaints made to the Commerce Commission. The Minister of Commerce has been lied to by the Commerce Commission, the Minister cannot dismiss the Commissions advice to him as an error and heads should role. Lying to a Minister is serious misconduct.

Health Minister Tony Ryall is demanding to know why an Auckland doctor was able to continue practising after 16 formal complaints were made against him.

He is demanding to know why it took a year to cancel a doctor’s certificate.

That sounds familiar. We are demanding that the Minister hold an urgent inquire, to find out why it took the Commerce Commission a year to act re Mr Curtin.

The Government have double standards. White Collar crime is too big for them, as too many who have engaged in the mass malpractice have political connections.

EUFA are demanding to know why financial advisors and company directors are allowed to keep practicing following hundreds of complaints to various bodies, including the Commerce Commission.

Most Financial Advisors and the Directors of failed finance companies are still well established or reinventing themselves without being investigated even though hundreds of complaints have been made or could be made.

Investors need to see the Government Ministers take a lead from Mr Ryall and his attention to public interest. They need to demand to know why financial advisors are still practicing after they have broken the law. Many financial advisors and finance company directors have blood on their hands and nothing is being done.

The Government needs to put the acid on the Commerce Commission for failing to investigate so many complaints. That would be a start.

ENDS

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