Not quite right, they are the laughing stock of the International financial world NOW, along with afew other rgeulators. Putting the ASX a public company dependent upon turnover and revenue from trades means that the ASX will first encourage trades at the expense of all other considerations. The ASX is the proverbial rabbit in charge of the lettuce. If the ASX won't fine small cap companies for not meeting ASX regulations (FAS is one that fits that bill now) it is hardly likely to fine the ANZ a big player (who banks ETrade).
The ASX must fulfil its charter of regulation or the government needs to introduce an unlisted entity charged with cleaning up margin trading and other shorting devices.
Punters aren't allowed to short why would we let hedge funds.
