asic looks to beef up penalties., page-7

Yes. Institutional traders mark hundreds of stock every day on opening and closing auctions by a single share to move the price by a couple of percent, and they are never prosecuted because they are a protected species and they work for companies with deep legal pockets able to duke it out in court for months. So ASIC doesn't bother with them but picks on the few cases of retail manipulation.

To by an untouchable crook in Australia, you need to be syndicated.

All ASIC needs to do id identify ALL perpetrators quickly and remove market access for 24 hours back to back for each offense to a maximum of 30 days.

Such minor suspensions will not justify court cases so prosecution costs will evaporate and those who need access to the market will quickly fall in line.


But what would I know? I am not a bureaucrat on a half a million salary.