Letter from ASX back in 2014
Thank you for your email dated 17th of June 2014 regarding alleged market manipulation in VLA.
ASX very much appreciates people who take the time and trouble to bring to its attention potential cases where a broker
in an ASX market or clearing and settlement facility may not be complying with its responsibilities as a broker. It is an
important source of intelligence that helps us to perform our role of monitoring and enforcing compliance with our
Operating Rules.
In this case, however, we regret to advise that ASX is not able to take any action in relation to the matter you have
raised. That matter is regulated by the Market Integrity Rules rather than by ASX’s Operating Rules. These Rules are
administered by the Australian Securities and Investments Commission (“ASIC” and, if you wish to pursue this matter
further, you will need to do so with ASIC rather than ASX. ASX has no power to investigate or take action in relation to
breaches of the Market Integrity Rules.
If you would like more information about the types of matters that fall within ASX’s jurisdiction and those that fall within
ASIC’s jurisdiction, you can find it on our website at: http://www.asx.com.au/documents/about/corporations-act-vs-operating-rules-matters.pdf
You can access the ASIC complaint service at: http://www.asic.gov.au/asic/asic.nsf/byheadline/Complaining about companies or people?openDocument]
Yours sincerely,
Daniel Giovannini,
ASX Participants Compliance Advisor
and, if you wish to pursue this matter
