Australian Securities and Investments Commission is the corporate watchdog in Australia. Why was it criticised for its handling of the investigation into the dealings of Commonwealth Financial Planning Limited? List three constraints, not mentioned in the case study, which could limit the ability of this regulatory body to properly serve its function?

REFER TO THE BELOW CASE STUDY LINK AND USE PAGES 97-104 IN IT TO ANSWER THIS:

https://www.cpaaustralia.com.au/~/media/corporate/allfiles/document/professional-resources/ethics/cg-vol-4.pdf