We are up against a bunch of crooks all the time, no wonder so many avoid the sharemarket through distrust.
Still they can only really get you when you buy or sell. The less you trade the less vulnerable you are.
If that is what happened ASIC certainly should take action. Something like a fine corresponding to 10 x the gain, based on prior selling price, and the price of all their purchases over the next fortnight would be appropriate imho.
With that sort of stuff going on how can the mums and dads see the ASX as a level playing field.
EL
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