market integrity, page-6

It is bad enough that ASIC allow scam after scam to list and relist to fleece the public, but also consider the crucial role that forums like HC play in sucking unsuspecting pigeons into the hundreds of ASX listed scams. Arguably without the positive comment biased forums like HC many of these scam listings would fail to rake in the millions that they do!

The representatives of scam listings run boiler rooms and tolerate endless ramping of their stock but say one word to warn others that all might not be right and you will get moderated as posting defamatory comment. Similarly, when a company is exposed as a scam with a 99% loss of capital and all promises exposed as fraudulent, said company will simply call their lawyers and get all discussion of how the scam unfolded shut down on forums like HC! Often even arranging to have all historical ramping and discussion pulled also.

Where are the lawyers or regulators defending the unsuspecting public from the ever-breeding unscrupulous? Why are the rampers never shut down?

Everyone marvels at our government and regulators, but in a society such as this, how can it be other than the corrupt rising to the top?