At the moment, ASIC only investigate cases referred to them by the ASX.
It's not in ASX interests to have this investigated... they are rubbing their hands with glee at all the money they make from all that trading. That's what happens when you put dracula in charge of the blood bank.
Why this situation was ever allowed to be is beyond me... you have a company which itself is listed on a market that it regulates, and it profits from activity in the market it is supposed to be regulating
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