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Classic Motherhood statement response from ASIC - the Toothless...

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Anonymouse2

660 Posts.

112

22/07/21

14:53

Post #: 54694832
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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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Classic Motherhood statement response from ASIC - the Toothless watchdog.

(Action - open filing cabinet and place complaint email....anywhere....close draw)

AVZ Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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