nassim to sell all fmg holdings - 130m shares, page-25

"why they were dumped onto the market as a whole at such a discount?"

This would be outside the ASX's jurisdiction, assuming all its disclosure rules were complied with.

The cynical answer to your question would be that the agent (broker) was working for the buyers, not the sellers. But I don't think that is the cause. Brokers have to take their client's orders. If a client says to sell x amount now, the broker would look pretty slack if the price fell away and he got caught. It works both ways. Not an issue I think.

And I think a bunch of American clients of JP Morgan are probably better for the rest of us as holders than the (selling) unstable institution with checkered investment history.