ASIC would need to grow a set of balls first to take on the big...

ASIC would need to grow a set of balls first to take on the big end of town, not sure they have enough money in their budget. I have no doubt ASIC are quite happy for retail sh's to get shredded in the market, they'll just say well they should be investing through a broker or financial advisor.
The more people learn about how the dodgy system is setup in favour of the banks, brokers, funds etc the better off they will be so they just play the game and not get spooked into selling cheap. I only invest in stocks I want to keep long term though so no need for stop losses.