Here is yet another cut and paste reply from ASIC to my most recent complaint about the fake 0.001 of a cent buy orders in six different companies, i even spoke to the sender of the email, when i asked a few tough questions, he simply said "i cant comment on ASIC operational matters" A royal commision awaits these folks, mark my words. I want to see them squirm in their chairs like the Barclays Bank dude last nite in the UK who was grilled by the parliamentary committee, as was Bob Diamond previously.
I confirm that ASIC has received the fax you sent raising concerns regarding allegedly false orders placed in relation to the above named companies. Further, you raised concerns that large orders outside a reasonable market price were not purged.
As previously advised, ASIC values the information we receive from the public, and reports of misconduct such as yours assist ASIC in working to build confidence in the integrity of the capital markets.
ASIC conducts an assessment of every report of misconduct we receive. The issues you have raised will receive careful consideration, and have been recorded on our internal intelligence database.
In determining which matters we will select for further action, consideration is given to the availability of evidence, and a range of factors, including the likely regulatory effect of any available action.
As ASIC is precluded from commenting on operational matters, we are unable to provide further details regarding what, if any, action we may or may not take in relation to the concerns you have raised.
If you require any information on our role as a market supervisor, or enforcement action taken by ASIC, please visit ASIC's website at www.asic.gov.au.
Please note that ASIC will only contact you again in relation to your report of misconduct if we require further information or evidence to assist in our enquiries.
