EXACTLY, they are clueless as to what manipulation actually is,...

  1. 1,971 Posts.
    EXACTLY, they are clueless as to what manipulation actually is, and are not answerable to anyone as to what the outcome of their "investigations" are. I pointed out to them just YESTERDAY, on the phone, to a person that sends me responses to complaints, the days trades in SLX Silex, regular trades throughout the day of 1 and 2 shares, and moving the price in some cases by several cents. Also pointed ot the fake 10 million buy orders (two of them) in MAK market depth at ONE CENT, last trade is 25 cents. They do not consider this manipulative, but i pointed out to them...I am unable to do the same thing with comsec, price must be within 50% of last trade, so they immediately said thats an issue with my broker, or legislation needs to be changed by govt re algorithms...once again, i am unable to break up orders at different price levels with comsec like bots can (free of brokerage) unless i pay $22.90 brokerage each trade. As in tennis..ADVANTAGE SERVER (read as BOT)They also told me they need PROOF that manipulation or insider trading is occuring (also pointed out selloff in VBA before price crash to 30c). Well my screen is the only "PROOF" i can show, to actually prove insider trading wouldn't you need recorded voice conversations....and isn't that illegal unless federal police do it ? I am so, so sick of all this manipulation by institutions and how a blind eye is turned by the regulators. I will continue to send in emails, and Stumacca's submission will very shortly be in the hands of my local member, a VERY high profile MP. I will wait until parliament has their winter break starting June 25th till Aug 24th and arrange a meeting. ENOUGH IS ENOUGH.

    p.s. anyone who trades with Comsec or Etrade, try putting on a buy order for ONE CENT in MAK, then you'll understand why it's a two tier system, heavily loaded in favour of insto's.

    Sentiment: UNPRINTABLE
 
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