CDU 0.00% 23.5¢ cudeco limited

Hi fengshoey,The Australian Government takes the stability and...

  1. 4,265 Posts.
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    Hi fengshoey,

    The Australian Government takes the stability and integrity of the Australian capital market very seriously.

    Any deliberate attempt to force a security's price to an artificial level is illegal, irrespective of the methods employed. The "CuDeco Shareholder Research" document is very revealing and some auditing could bring out surprising results.

    Reflecting the serious nature of such activity, the penalties for individuals, for market manipulation offences is the greater of $495,000, or three times the profit made or loss avoided. For Corporations, the penalty is the greater of $4,950,000, or 3 times the profit made or loss avoided, or 10 per cent of the Corporation's annual turnover during the period the breach occurred. In addition, offenders may be imprisoned for up to ten years.

    cheers,

    Max

 
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