I am not confident that our approach to ASIC will produce any results in view of the following statement from the ASIC Chairman some time ago -
"ASIC chairman Greg Medcraft said the corporate regulator could only take action if there was sufficient
evidence. "Clearly, we don't pursue every case," he told reporters in Brisbane on Wednesday on the
sidelines of a Financial Services Council forum. "Sometimes we see a lot of harm, a lot of loss, we see a good
case for moving ahead but if the evidence is not there, we can't pursue it. "People go 'they're absolutely
guilty, guilty as sin'. We probably agree with them and often we'll take things to court, but the fact you
enter court means the outcome is uncertain."
If anyone has a bit of time on their hands and would like to follow it up here is a link to the final report to Parliament on the performance of ASIC -
https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/ASIC/Final_Report/index
Perhaps just the threat of some action may be sufficient to deter the perpetrators but if it is one of the experienced brokers who is facilitating it then I don't think they would be too concerned.
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Last
$13.14 |
Change
0.140(1.08%) |
Mkt cap ! $277.7M |
Open | High | Low | Value | Volume |
$13.20 | $13.50 | $13.14 | $559.5K | 42.05K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1180 | $13.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.35 | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 680 | 13.000 |
1 | 1000 | 12.950 |
2 | 67 | 12.900 |
1 | 1000 | 12.800 |
1 | 37 | 12.000 |
Price($) | Vol. | No. |
---|---|---|
13.350 | 500 | 1 |
13.500 | 2000 | 1 |
13.510 | 46 | 1 |
13.900 | 300 | 1 |
14.440 | 25 | 1 |
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