There needs to be some legislative changes. Going very big short then issuing a sell report is like owning a money printing machine. Similar to shorting Lithium then issuing oversupply reports etc.
The ACCC should prevent Companies being both a trader and advisor. It helps prevents conflicts such as these, It goes the other way as well. Buy big then issue a buy rec. Retail holders are always the biggest losers.
Look what happened when the Banks bought financial planning/Advising firms - the RC had a few things to say about that.
Legal actions against VGI Partners, page-47
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$14.08 |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| $14.09 | 416 | 8 |
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