Here is a page which shows how to report share market misconduct to ASIC
http://asic.gov.au/about-asic/contact-us/how-to-complain/report-misconduct-to-asic/
A "report misconduct" link on that page leads to a generic submission form which wants detailed info on who you are reporting etc. This is not really appropriate in our case as we want ASIC to investigate the blatant and obvious illegal SP manipulation of ACX, to ascertain who exactly is behind it and to bring them to book.
You can also contact ASIC on 1300 300 630 or at
[email protected]
The illegal share market targeting of ACX by non-genuine sellers contravenes section 1041A of the Corporations Act 2001 which looks to have a financial penalty of 3 times the perpetrators' illegal gains, so ASIC should more than cover their costs.
ASIC needs to investigate the source of the clearly downramping Reuters article of 23/8/16, on the ACX annual report. Despite a good result showing 350% yoy ebitda growth, the SP declined because of the effect of the article and and of sustained downtick short selling
http://www.reuters.com/finance/stocks/ACX.AX/key-developments/article/3430448
ASIC should also do a forensic audit of the ongoing and sustained daily downtick short selling since the Reuters article appeared and particularly on the day of 30/1/17 when up to 2 million downtick short sales forced a SP crash of 45%, on the release of a minor guidance downgrade.
In June 2013 the High Court made it clear that non-genuine sellers, who are not looking to receive the best price for their shares, are breaking the law.
ACX is not alone in being the target of unethical financial institutions but it is a current and obvious example and it is high time for ASIC to identify and prosecute the perpetrators to make an example of them.
