The ASX is an unregulated market. ASIC has never prosecuted...

The ASX is an unregulated market. ASIC has never prosecuted anyone under s1041 of the corps act (market manipulation) for the stipulated 15 years PER OFFENCE (so 10 manipulative sale trades for one share each is 150 years’ gaol).The shorters think they are safe, but there is no statute of limitations in criminal cases, so when ASIC is replaced with a regulator like the MAS in Singapore (a modern day Gestapo), they will be scared. Unannounced knock at the door, if you can’t prove that you are conducting your business in compliance with the law and your licence, your licence (Singapore equivalent to AFSL) is suspended with immediate effect. ASIC hasn’t sent anyone to gaol for 15 years as stipulated under s1041 of the corps act. Maybe that’s because the market was never manipulated. Dark pools, flash trading, spoof orders, shaking the tree, front running orders etc, couldn’t happen on the ASX. The ASX gets managers to review the code behind the algorithms used to place the buy and sell orders for compliance. What a great idea given the banking royal commission found that banks knew they were levying fees on dead people! The above is why I rate tax collectors, parking ticket infringement rangers, online scammers and cockroaches well above shorters. Bring on the short squeeze and watch them run and hide!