This information is taken from ASX Regulatory Guide 162 in respect to postings on Internet Discussion Sites (such as Hot Copper).
Disclosure/warnings to people making the postings
RG 162.42 An IDS must display prominent warnings to people making postings on the IDS. The warnings should also be accessible to people who view the postings. They must set out clear messages that:
(a) you are personally responsible for your postings (including any alterations you make to postings). Therefore, you should not include any misleading or deceptive information in your postings and not carry out illegal or unauthorised activities using the IDS. Information in postings may, where appropriate, be made available to ASIC. ASIC and people acting on such information may take action against you;
(b) if you include hyper-links to other sites, you may be seen as endorsing the material on such sites. It may be advisable for you to warn people accessing other sites that you do not endorse or take responsibility for material in the hyper-linked sites;
(c) if you own or have some other interest in a security, or you have any connection with a securities issuer that you might benefit from, you must disclose that fact. For example, you may be entitled to receive direct or indirect commissions, fees or other benefits from a financial product or service provider; or you may be associated with a particular securities issuer such as by being an employee or director of a securities issuer. If so, you must disclose that fact in your posting; and
(d) if the IDS operator finds or reasonably suspects that you are making illegal or unauthorised postings, your right to make postings will be withdrawn.
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Please note that anyone posting links to items on ebay or any other third party selling product will immediately be suspended.
Hot Copper will not be used as a tool for promoting products, unless it is done by consent with Administration.
RBY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
