Ben Pauley
Perth, Australia
JUL 29, 2020 —
Linkedin has been used as a medium to successfully connect to staff from ASIC.
The following message has been sent to 17 staff members from ASIC and this number will grow as we connect to more staff. With all of the decisions being made by executive staff, we hope there is dissatisfaction among the lower levels of ASIC who are equally disappointed in the outcomes for mum and dad shareholders.
Dear (ASIC staff member)
This petition from Australian mum and dad investors on the ASX now has over 6700 signatures. 6700 people complaining that the ASX is unfairly gamed by financial institutions that manipulate prices and take over companies. Not to mention all the pump and dump directors operating without fear and then moving on to the next company.
Of all the 6700 people who have signed, not I or any of them have witnessed one case of any complaint from any mum and dad investor ever looked into by ASIC. This is despite horrendous crimes being committed by the network of insider traders we refer to as the Big-End-Of-Town. These entities manipulate prices all day long with algorithmic programs to achieve certain goals for their masters and the network is extensive including hedge funds, investment banks and super funds. Hardly a big name financial institution is not in on the act to deprive mum and dad investors of their wealth. All of the institutions manipulating prices have a direct line to ASIC to complain to ASIC about anyone - ASIC takes action on their behalf rather than act on behalf of those that need it - the mums and dads of Australia whose superannuation is targeted.
This is a request for information from ASIC staff, some of whom may feel as bad as we do. We would like to know why ASIC allows mum and dad investors to get so badly taken advantage of, to lose life savings to obvious fraud and to be ignored along the way. Please don't hesitate to contact me at [email protected] if you would like to share reasons why mum and dad investors are the enemy of your departmental policies. nodefamatory content can be brought...-stock-exchange-and-demand-a-royal-commission
Sincerely
Ben Pauley
Something of interest I recently discovered - if you have a look at market screener you can see who actually owns ASX companies. This is very different from what turns up on the shareholder lists of an annual report. The same names repeat themselves. https://www.marketscreener.com/NINE-ENTERTAINMENT-CO-HO-6492562/company/ https://www.marketscreener.com/GALAXY-RESOURCES-LIMITED-31342185/company/ https://www.marketscreener.com/QANTAS-AIRWAYS-LIMITED-6491449/company/ https://www.marketscreener.com/BLUE-SKY-ALTERNATIVE-INVE-10363181/company/
