LYC 5.22% $1.27 lynas corporation limited

asic where does the buck stop

  1. 2,515 Posts.
    It is know known that ASIC is aware that Algorithmic Trading can cause cascading shareprices=Post #: 7266374

    And yet they have not made any apparent effort to put a stop to it

    They may have the idea that as trading is International then nothing can be done


    Australia is a Sovereign nation ,and can make its own laws

    The private shareholders of Australia have lost hundreds of millions of dollars of their life savings because the A/T traders are manipulating the market

    ASIC is supposed to look after the interests of shareholders and ensure that the playing field is level

    As they have not done this would it be possible for the scores/hundreds of companies that have seen their share prices decimated by the A/T trading to get together and launch a class action against ASIC for breach of care/duty?
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