If you complain to the ASX or ASIC, this is what you will get...

If you complain to the ASX or ASIC, this is what you will get back, and within a month another email saying they found nothing sinister in the trading. Been there done that times over 200. But do it anyway, try and keep the bastards (half) honest

Dear Botkiller

I confirm that ASIC has received the faxes you sent raising concerns of possible market manipulation in TLS, AGS and PRR shares. Further, we received the fax containing the Australian Securities Exchange's response to the complaint that you lodged with them.

As previously advised, ASIC values the information we receive from the public, and reports of misconduct such as yours assist ASIC 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 have been recorded on our internal intelligence database.

In determining which matters we will select for further action, consideration is given to the availability of evidence, and a range of factors, including the likely regulatory effect of any available action.

As ASIC is precluded from commenting on operational matters, we are unable to provide further details regarding what, if any, action we may or may not take in relation to the concerns you have raised.

If you require any information on our role as a market supervisor, or enforcement action taken by ASIC, please visit ASIC's website at www.asic.gov.au.

Please note that ASIC will only contact you again in relation to your report of misconduct if we require further information or evidence to assist in our enquiries.

Yours sincerely

Misconduct & Breach Reporting, Stakeholder Services

Australian Securities & Investments Commission | Level 10, 100 Market Street, Sydney, NSW, 2000