ASIC chairman’s vague claim to fame

Outsider/

26 February 2018
| By Outsider |
image
image image
expand image

What do ‘Hot for the Teacher’, ‘Tobacco Road’ and ‘She’s My Machine’ have in common with the new chairman of the Australian Securities and Investments Commission, James Shipton?

Well, apparently, they are all related to US rocker, David Lee Roth of Van Halen fame.

How does Outsider know this? Because it represented the priority question asked by Tasmanian Greens Senator, Peter Whish-Wilson when Shipton made his maiden appearance before the Joint Parliamentary Committee on Corporations and Financial Services.

The Parliamentary Committee exchange went something like this:

Mr Whish-Wilson: Welcome, Mr Shipton. Your answer to my first question to you is going to have quite a big bearing on your credibility, certainly in my eyes. Is it true that you are related to David Lee Roth?

Mr Shipton: How much time have we got, Senator? Is there such a thing as a ‘godbrother’? My late-father knew the Roths and became an official godfather to David. That is the connection. I unfortunately have never met David, nor, unlike my father, attended, believe it or not, Van Halen concerts—but maybe that is something that I will be able to progress.

Not your usual parliamentary committee interrogation, but certainly more entertaining than those involving Shipton’s predecessor.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

3 days 6 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5