If you type in Manipulation or shorting on the search of ASIC....

If you type in Manipulation or shorting on the search of ASIC. there are casts of them taking action.

I did find out that there is a new Act coming in that requires disclosure of short trading from who's leading the shares to who's borrowing the share with in a max of 1-3 days released to the public.
So if X borrows shares from Y and the price starts to get forced down, at least you may have a clue as to what and who is going on.
If Y wants to buy out the share they lent, then they with have to answer some tuff questions.
It's a start.

Quote from another poster.

The best you can do is the right thing.
The worst you can do is nothing.