games at pre open, page-8

Because I am not a broker, like many on this site, I don't know what level of illegal churning takes place on the ASX.

I would have thought if an individual set up two separate companies (independent legal entities) and churned stock between the accounts, that their brokers would report it/ASIC would be onto it despite the 'independence'.

But maybe the ASX is in a worse state than even I can imagine, and that means it must be pretty bad!

As I have said on other threads, it would be pretty simple for ASIC to build a data-mining app that looks for regular relationships between seemingly independent entities trading on the ASX with a view to prosecuting them: both for churning and stack manipulation.

But the ASX would be a different world if they did that. It would take true talent to succeed instead of just pushing stocks around with a pile of ill-gotten gains!