This was their reply to my complaint about the May 18th last...

This was their reply to my complaint about the May 18th last second trade at 21.5 cents worth $107.50 reducing the market cap by $1.7 million (as well as the ongoing daily maipulation in AGS for past 2 years), plus crazy shorting and algo trading in DLX Dulux around the same time (i lost a heap selling out of Dulux) A response like this only ignites my fuse a little more. I wont let up, ASIC must be held accountable for not investigating illegal share trading and fraud like front running, manipulative centre point trading, fake bids that get cancelled when nearing execution, bot trades that affect share prices by as much as 10% on the ASX, heavily rigged and controlled closing auction prices that benefit the hedge funds (also the pre-market match same thing) they make you PAY more when buying, and give you less when selling.

Sentiment: Seething


Dear Botkiller

Alliance resources limited (ACN 063 293 336), DuluxGroup Limited (ACN 133 404 065)

Thank you for your correspondence of 22 May 2012.

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.

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 enquires.

Yours sincerely

Misconduct & Breach Reporting
Stakeholder Services