ASX versus NSX - point of difference re capital raising/share dilution & share consolidation

NSX--- -----if aiming to be a more equitable and trading platform would not need to try very hard to better ASX's track record of 'allowances' in the following areas:
* capital raising/share discounting
* share dilution
* permitting and allowing the consolidation of retail investors shareholdings once capital raising share issue avenues have been 'legally and financially exhausted'. e.g. ASX allowing companies to offer only 1 share for every 3 or 5 or up to X?000+ shares held.

Consolidation of shareholdings for retail investors only reinforces powerlessness/inequity and demonstrates the right that ASX has given many companies to pursue actions which decimate the shareholdings of non-wholesale, non-sophisticated investors. This is not in accordance with the authority ASX was granted [Act] which did promise that the ASX was also obliged to lawfully and transparently act in the best interest of all shareholders and companies listed on the ASX.

ASX have even published these documents - links below - however these are statements which ASX are expected to make and yet no-one seems to have the authority within Australia to make/question or ask ASX how and if they comply.

https://www.asx.com.au/about/asx-customer-charter.htm
and also
https://www.asx.com.au/documents/asx-compliance/code_of_conduct_summary.pdf

NSX could truly establish a point of difference for companies and investors (including retail) to ensure these non-transparent practices cease to occur.

Apply the few criteria - only 3 of many points and certainly not exhaustive or complete - to ASX listed companies - those that are new/existing/established operating and those perceived to be in 'favour' with ASX.

Some other references for my rushed post above:

https://www.livewiremarkets.com/wir...ass-dilution-from-supersized-capital-raisings

https://www.michaelwest.com.au/asx-...ankers-in-rash-of-emergency-capital-raisings/

https://www.dlapiper.com/en/us/insi...r-companies-to-raise-capital-during-covid-19/

https://www.google.com.au/search?sitesearch=maynereport.com&filter=0&q=asx capital raising&submit.x=-1&submit.y=8