Melbourne Herald Sun- The corporate watchdog has ratcheted up the pressure on investors involved in short selling, insider trading and market manipulation, with market participants facing requests for information.
The Australian Securities and Investments Commission yesterday expanded its investigation into global markets to pressurise international hedge funds.
In the recent volatile stock market some large investors are believed to have played a major role in destabilising the share price of companies such as ABC Learning and Allco Finance Group.
The ASIC move comes after three days of heavy selling on the stock market, which is now at its lowest level in 18 months.
Since the market peaked in November, the benchmark S&P/ASX 200 index has dropped 25 per cent.
