In my opinion:-ASX - Are a public company with shareholders....

In my opinion:-

ASX - Are a public company with shareholders. Other public companies pay fees to be listed. The portion of the business devote to ‘compliance’ type activities is more to do with listing rules and companies submitting their quarterlies, annual reports, advise of change in holdings for major shareholder etc.

ASIC:- Are an ‘independent government body’. They tend to devote their resource to high profile and larger companies, especially banks and where big companies are ripping off consumers.

Pursuing a penny hemp stock to try and salvage a few cents for a comparatively small number of people who have made a bad investment decision is not exactly a priority. Plus I don’t think there is any evidence of anything illegal happening in the report. It would be difficult for ASIC to argue in court that a law had been broken because a report was ‘too fluffy’....

I still think Australian markets and these players are better than most international equivalents. At least our disclosure rules are strong so picking the dog stock is pretty easy to do just from the publicly available information.