asic complaint and the high court, page-18

There is no doubt that the ginormous pool of superannuation savings in australia, which some estimate now at close to A$1.5 trillion, is one of the biggest available troughs in the world.

Any investor with access to higqh frequency trading systems, algos, bots etc would actually have to bonkers to not attempt to manipulate equity prices to drain some of that huge trough into their own accounts.

They do this with the connivance of governments of all colors who prostrate themselves before the god of the market, chanting the perpetual market rules mantra.

I can't talk about asic's role in this but for what effort they put in, there appears remarkably little return. A few insider trading wins in the past decade. Pathetic.

As for ASX, well what a joke that the market regulator is a market participant as well.

A fiction writer couldn't dream such a farce could exist, let alone write it.

Yet this is so called market regulation in australia.

The government could act to protect superannuation savings but sits idly by. They've previously banned during GFC then removed the ban on naked short selling because it was harming the market. Why not put it permanently in place. Since when did the practice suddenly become worthwhile.

Another early step, remove all regulation of the stock market from ASX.

And what about charging minimum brokerage of say A$20/trade for all those 14 share bot trades. Or make i an equivalent amount charged to normal retail investors..