"...pumps into discounted capital raises."There is a very recent...

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TrayonRanger

9,544 Posts.

2548

25/07/24

12:04

Post #: 74911752
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Originally posted by Goodwyne: ↑

No all I'm asking is to make a report to the AFP that there's potentially a Commonwealth crime happening where the ASX and ASIC need to be investigated. Public officials have stated recently ASIC has failed and they want to reform into 2 seperate entities. I am asking the public to report to a body above ASIC asking them to investigate the ASX and ASIC for allowing predatory behaviour from boards and brokers. Perfect example is pumps into discounted capital raises. These are intentionally structured to hurt you and benefit the broker by using the asx as their liquidity vehicle. This is not a fair market and has slowly become this way. This is one basic example of how the asx is being used as a liquidity vehicle. These actions would never happen in private enterprise but a public market is being used in this way

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"...pumps into discounted capital raises."

There is a very recent occurrence;...

https://www.msn.com/en-au/news/australia/four-face-jail-time-over-pump-and-dump-scam-on-messaging-app/ar-BB1qsavI

However, the bit that annoys me is;....

...which is nothing more than blatant algorithm manipulation, WHICH IS LEGAL !

Arrrggh!

So what chance does a mug mum-n-dad punter have eh?

Sorry, don't have any faith in the system (ol boy club), that my input will make a difference.

RDN Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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