ASIC says it will take no further action on its investigation in to iSelect Limited
(ASX:ISU).
iSelect says it’s received written confirmation from the corporate watchdog that its review of internal documents regarding allegations iSelect had failed to meet its continuous disclosure and fundraising obligations was fully concluded.
The watchdog also says it will return the reviewed documents – including financial records, emails and meeting minutes – to iSelect.
On September 6, ASIC requested iSelect hand over internal documents to investigate allegations the company had failed to meet continuous disclosure and fundraising obligations.
iSelect generated a net profit of $13.4 million in fiscal 2013.
