"The issues you have raised will receive careful consideration,...

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22/07/21

15:54

Post #: 54696997
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Originally posted by Thaz: ↑

Got a response to the misconduct on the dodgy sell orders reported to ASIC a week ago. A bit coincidental that those orders have disappeared now / stopped.

AVZ Minerals Ltd (ACN 125 176 703) ('AVZ')

Thank you for your correspondence of 15 July 2021. We understand you have raised concerns regarding the trading activity of AVZ Minerals Ltd. We acknowledge that you have previously reported these concerns to ASIC.

ASIC values the information we receive from the public, and reports of misconduct such as yours assist us 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 we have recorded them on our internal intelligence database.

In selecting matters for regulatory action, we consider a range of factors, including whether the misconduct report suggests any breaches of the law we administer, whether we have sufficient grounds to suspect that a breach has occurred, and whether regulatory intervention would benefit the broader community beyond the affected individuals.

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"The issues you have raised will receive careful consideration, and we have recorded them on our internal intelligence database" - which is stored in the basement behind a door with the words "Beware of The Leopard" in large letters on it.

AVZ Price at posting: 19.8¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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