Good suggestion or advice there mate. Only one comment in that ASX should be referring breaches to the regulators. I would not want ASX in charge of prosecuting they already have to much unchecked and discretionary power for a foreign owned entity, just crazy.
If I were the powers that be, I would put a regulator and or Ombudsman in place specifically to govern, scrutinise, prosecute the ASX itself, not to mention brokers, lawyers, accountants, promoters, traders and the listed companies themselves as well.
ASIC is useless, ASX getting worldwide recognition as the last frontier or Wild West where you can get away with heaps. Australia needs another regulatory body specifically for ASX boards IMO and this can be mostly funded by Government changing the terms on licensing or operating fees.
There is already a bunch of items the ASX does )and others) which I believe breach regulations around and within trading of securities, particularly in providing certain traders over others access to the trading platform and subsequently a significant advantage in trading and transaction for a fee.
If the ASX was cleaned up, a lot more dollars would come in from around the globe IMO.
Happy weekend to all M
ANW Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
M
