ASX is on notice about manipulation of Kingsgate share price, page-259

The court rooms are also manipulated by the legislation that prevents another outcome.
Think of SPP's and the fact that smaller shareholders get the scraps from the table time after time --indeed sometimes they completely miss out to new large investors.
I know what your response will be---oh they get the money quickly and at a cheaper cost
Technology is such that a simple email to all shareholders (one only ) with the SPP details and automatic advice completely removes the administration cost excuse.
The same goes for algos --they give an unfair advantage unless one is forced to go with a fee generating Brokerage firm
Say what you like ---ASIC is a bloody joke