LYC 5.22% $1.27 lynas corporation limited

enough is enough with the bots

  1. 5,436 Posts.
    With reference to DR C Post #: 7275324
    “ As an ex corporate regulator from the eighties when short selling was banned I personally abhor this practice. It is also legally dangerous - eg say for instance a large fund such as Unisuper lends its shares out to a hedge fund or broker, who then is put into liquidation or receivership, which entity owns the shares.

    The practice is morally and financially destabilizing, and just as the practice was banned for banks during the first GFC, it should be banned for all companies now.

    The arguments for it are supposedly it provides liquidity. The only retribution is if the market turns suddenly and the short seller is caught short.

    Would all those who find the practice "disgusting" lobby their Federal MP and write to ASIC and to the APRA Commissioner in charge of Superannuation Funds, then we might get a change in this practice.”

    Spare few minutes and email your protest to the regulatory.

    Say enough is enough ,bring Australia in line with other countries. Wake up minister,Have you forgotten the last GFC when shorting was restricted?
    As a LT investor ,it does not effect me, but i`m sure there are others who are suffering .


 
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