look at todays trading, page-96

The same old reply word for word, ASIC never disappoint in that regard. So in effect they only ever send out receipts acknowledging one's complaint. Their basic job is to follow the abulance with the patient inside to the hospital, once the ambo arrives, their job is done. And taxpayers fund THIS ? The FKP trading back in July was one of the biggest frauds in ASX history, at that time they were 40 cents, they are now 20 cents on the ASX scoreboard.

Dear Mr XXXXXX

ALLIANCE RESOURCES LIMITED (ASX: AGS)

Thank you for your correspondence of 29 November 2012 in relation to trading in Alliance Resources Limited.

ASIC values the information we receive from the public, and reports of misconduct such as yours assist ASIC in working to build confidence in the integrity of the capital markets.


ASIC conducts an assessment of every report of misconduct we receive. The issues you have raised will receive careful consideration, and have been recorded on our internal intelligence database.

In determining which matters we will select for further action, consideration is given to the availability of evidence, and a range of factors, including the likely regulatory effect of any available action.


As ASIC is precluded from commenting on operational matters, we are unable to provide further details regarding what, if any, action we may or may not take in relation to the concerns you have raised.

If you require any information on our role as a market supervisor, or enforcement action taken by ASIC, please visit ASIC's website at www.asic.gov.au.

In relation to your enquiry regarding ASIC's receipt of your correspondences regarding FKP Property Group, these were received and our records indicate an email was sent to you, by Gokhan Oguzhan, confirming receipt of your correspondences of 31 October and 1 November 2012 in relation to FKP.


Please note that ASIC will only contact you again in relation to your report of misconduct if we require further information or evidence to assist in our enquiries.

Yours sincerely

Jeffrey Ranner | Analyst | Misconduct & Breach Reporting, Stakeholder Services

Australian Securities & Investments Commission | Level 10, 100 Market Street, Sydney, NSW, 2000

P: 61 2 9911 5433 |F: 61 2 9911 2414 | [email protected]