And more than likely if ASIC were to hand out fines for any...

And more than likely if ASIC were to hand out fines for any malpractice the profits of indulging in doing so far outweight the penalties applied.

So what is stopping them?

Its up to retail to achnowledge the abuse of power and trade with awareness that this game is infact happening regardless of the laws existing to stop it and report where you have clear evidence that supports it even if just to piss the market controllers off to adjust their game a little.

Anyone that has had a few years analyzing the market will already know how damaging to their porfolios this can be.and that this behavior is the controlling factor for a companies market price in any given time.