..........in summary.........

Stop dishonest practices on the Australian Stock Exchange and demand a Royal Commission.

Currently, amongst many other dishonest or dubious practices, ASIC allows

Practices that amount to naked short selling which are illegal.

Short selling during capital raises which destroys the share price making it very difficult for companies to raise capital at a fair price.

The short selling of emerging companies that require capital to develop new projects thereby placing them at the mercy of predatory interests and lenders.

Abuses of algorithmic trading and short selling that enables prices to be manipulated. It often results in ASX companies becoming forced into severe under-valuations where they are vulnerable to being taken over at low prices.

Collusive trading and coordinated shorting by Investment Banks

Privileges for investment bank brokers whereby they get to trade at an advantage over all other participants,

Investment bank brokers flood the market with non-genuine algorithmic trades that continually show conflicts with the laws that govern trading. It is these trades that primarily set and maintain prices, not the genuine forces of supply and demand as required by a true market.

We were told by former ASIC Chairman Greg Medcraft that ‘Australia was a paradise for white collar fraud’, and yet he forgot to even mention the share market, where wealth stripping activity runs at extraordinary levels.

And we saw how the banks were treating Australian consumers when fraudulent practices were exposed during the Royal Commission into banking and finance. Yet the Royal Commission’sbrief was designed to exclude the Australian stock exchange from investigation. Why would that be?

The market must be radically reformed.

Currently, it is extensively compromised while being designed to benefit the privileged few. And laws are being broken in the process. It’s time to act.