a probity query, page-14

ASIC oversees the market and is responsible for investigating instances of potential breaches of the law. In this instance you are talking about insider trading, where somebody is trading shares based on inside information. The trader doesn't have to be directly involved in one of the organisations involved for it to be insider trading. It only requires that the trader was using private, inside information. Look at the wording of the price query issued to Redflow a couple of weeks ago: "any information concerning it that has not been announced to the market which, if known by
some in the market, could explain the recent trading". Using this information is illegal.

Here's what to do:

1. Let your emotions go. ASIC isn't interested in how you feel about the matter.
2. Collate your evidence: dates, volumes, prices, announcements, etc.
3. Go to the ASIC website and submit your report of possible wrongdoing. There's a link on the home page called "how to complain". You won't be the first.

@Dazedandconfused @BigDaniel

Getting ASIC to investigate is a bit like getting a post moderated on Hotcopper. You have to report it.