ASX supervision handed over to ASIC

[danno75]

I don't have a real lot of knowledge about how this is going to affect traders and investors but it would to hear the opinions of some of the more experienced and knowledgable members out there.

http://www.theaustralian.com.au/bus...porate-regulator/story-e6frg8zx-1225812925162

The entry of other exchange other than the ASX would provide some competition I gather. Would these end up similar to the US with the tech sector mainly in one exchange and possibly a resources exchange?

 

[Timmy]

Thanks for this link Danno, good info.

ASIC certainly have a sterling record when it comes to investor & consumer protection.

Not.

 

[prawn_86]

Yeh, they lost yet another case again today against Fortescue/Andrew Forest.

Not sure of the details of that case, but thats 3 high profile ones they have lost in 2 months.

Toothless as a gummy bear

 

[Putty7]

A Government agency enforcing the rules and clarity of the stock market, can't imagine any back scratching or under the table deals would ever happen there

 

[Sdajii]

A Government agency enforcing the rules and clarity of the stock market, can't imagine any back scratching or under the table deals would ever happen there

Isn't the government there to help us? Don't we live in a transparent, honest country?

 

[prawn_86]

Isn't the government there to help us? Don't we live in a transparent, honest country?

hahaha, where's the sarcastic smiley?

 

[Putty7]

hahaha, where's the sarcastic smiley?

There you go Prawn, nice to know that the agency ruling the market belong to the same mob who collect the royalties and taxes from the companies they are going to be investigating and their members investing in, conflict of interest...........nah

I guess if it turns into a mess they can always blame the Global Climate Change.

 

[Sdajii]

hahaha, where's the sarcastic smiley?

Why would I need one?

There you go Prawn, nice to know that the agency ruling the market belong to the same mob who collect the royalties and taxes from the companies they are going to be investigating and their members investing in, conflict of interest...........nah

I guess if it turns into a mess they can always blame the Global Climate Change.

That's only fair; realistically, climate change would be the primary cause of it.

 

[Putty7]

Just a query for the more knowledgable really, a lot of fun and games with AUZ over the last few days with enforced trading halts and purging of orders, is this being enforced by the ASIC or is the ASX showing it still has some teeth ??

 

[Boggo]

You have to wonder if this type of selling should be controlled too.
Obviously someone wants to influence or limit the upward momentum on both HGO and BKY today, see last trades column on both.

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