cdu likelyup soon in senate inquiry into asic, page-35

Interesting to see your lot ( down rampers) think this is just one big laugh…….

"BofA, NYSE, Brokerages Sued in High-Frequency Trading Case
By Bob Van Voris Apr 19, 2014 7:53 AM ET
Bank of America Corp., the New York Stock Exchange and Virtu Financial Inc. are among the dozens of exchanges, brokerages and traders sued over high-frequency trading by the city of Providence, Rhode Island.

The city sued today in Manhattan federal court, claiming the defendants rigged the securities markets to divert billions of dollars each year from the buyers and sellers of shares to themselves."

I on the other hand would want to take this REALLY SERIOUSLY. It is also possible zed that the rest of the team are not on holidays and did not miss…" AND TRADERS SUED".

Still you might have a point zed as:
the ASX have continued to turn a blind eye imho to this what now is seen by those suing as illegal practice, for a long long time…..and we know why that is eh…profits must always come ahead of ethics and lets ignore conflicts of interest.
ASIC too, much prefer to look after their mates at the ASX and of course big business …as is coming to the media's attention thanks to the current Senate Enquiry.

But zed both of these entities imho….cannot disregard what has now started in the USA…"billions of dollars of illegal activity"..cannot be ignored ……
Here in Australia….where a lot of those same boys operate...I would be staggered if the /our HFTraders say "who gives a damn, lets keep on going/gouging , the profits are just too good….can't loose at this trough….. ripping off mum and dad investors, all Australian Super Fund mega barrels of loot and anyone else who does not have this fabulous tool/ability….lets see them try to stop us"……..

I expect the American action will "break them".

You may or may not have chosen to ignore The Age's Business Section over the weekend also bringing the Australian public's attention to this big …world wide issue…..now pretty well every one of us is fast finding out what can no longer be tolerated /accepted as the "norm".

I plan to send letters to the Senate urgently requesting that all High Frequency Traders IMMEDIATELY be banned from trading until their activities/court actions have been concluded in the USA and soon I would expect here in Australia….and of course cc ASIC and the ASX….how can illegal activity ( as seen by those taking the action) be permitted to continue?!!!
I am hoping every CDU holder / others affected do exactly the same thing asap.

I in fact want the ASX also suspended from trading…keeping in mind "Stock Exchangers are also being sued"….…(Currently the ASX are trading at $35.22 and if proven complicit what could that drop to?!!! when….not if….the compensation bills hit)…imho they have been complicit in destroying the SP of lots of companies like CDU. They need to be held accountable and let the legitimate trading public know how they plan to fix the mess they made…thanks to their own greed……ie one idea as possible compensation ( would apply to all "worked over" companies)... suspend trading in CDU until a "new fair RESET on open SP is settled on" and most Holders would expect that to be where SFR were at the exact same stage of development CDU are currently at and that would be closer to $6 than $5….imho ….our shorters would just love that idea/possible fix eh zed.

Also zed imho your lot should stop thinking this is one massive big joke and that no-one can beat them.