ASIC are a waste of space and should be disbanded IMMEDIATELY, maybe give the job to the Australian Federal Police, at least that SOUNDS more menacing LMAO. I got this reply when i complained about some insider trading and out of control bots back in December...
Dear FactorThis
Thank you for your call to ASIC's Infoline of 21 December 2009 in which you raise concerns about trading in the securities of the above-named companies on 18 December 2009.
ASIC values the information we receive from the public, and complaints such as yours assist ASIC in working to build confidence in the integrity of the capital markets.
ASIC conducts an assessment of every complaint 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 complaint if we require further information or evidence to assist in our enquiries.
Disclosure: Filled with hatred and loathing for ASIC and ASX for continually turning a blind eye to the public getting rorted by hundreds of shonky company directors/CEO's and institutional brokers.
Like John Lennon said...."Instant Karma's gonna get ya" just maybe not instant.
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Held
