It seems asic do have a bit of bite!, page-4

Further to this subject,there's a very pertinent editorial in today's SMH entitled 'Regulators hardly covered in Glory amid scandals'.
Well worth a read if you can get hold of it. I have used Bold and Italics as highlights.
Some extracts:

.."Corporate regulators have taken blows to their reputations in the past few years after a plethora of governance,corporate and public administration scandals and the blurring of lines between poacher and gamekeeper have featured prominently."

I wonder what Mr Joseph Longo, current head of ASIC who has spent 17 years at Deutsche Bank, would think of that?

Another telling quote:

"...the gleam came off both the Australian Securities and Investments Commission and the Australian Prudential and Regulation Authority years earlier when the final report of the Royal Commission into Misconduct in the Banking,Superannuation and Financial Services Industry in 2019 found both regulators wanting through their ineffective enforcement culture. The Royal Commission recommended they be given greater oversight[overseen] with the creation of an independently chaired body tasked with ensuring the regulators are being held accountable for their actions."

Wait.There's more:

"Last October,the Parliamentary Joint Committee on Corporations and Financial Services began an inquiry into ASIC's capacity and capability to respond to reports of alleged misconduct, due to report in 21 months..It followed allegations by Coalition MPs ..attempts to alert ASIC to alleged insider trading by superannuation executives had fallen on deaf ears..."

Boy, do we know that.

"The federal parliaments Joint Committee of Public Accounts and Audit late last month announced its own inquiry into government organisations, including the Australian Prudential Regulation Authority,ASIC and the Australian Competition and Consumer Commission to examine systemic stumbling blocks getting in the way of delivering good government services.Parliament should cast its net wider.With confidence in regulatory authorities leaching away,now is the time for a holistic look at our regulators to ensure they not only behave ethically but carry out the jobs we expect of them."

If any of those individuals responsible for the manipulation of any shares so as to get an unfair advantage, read these posts, my advice to them is this;

The chickens are coming home to roost. It maybe a few years down the track, but heavy fines and-hopefully-imprisonment for theft, are on the cards for you.People are clearly jack of what you've been up to, and those in authority are getting the message.

Stick your bots where the sun don't shine, you greedy b*****ds and f**k off.

db