Dear Editor (The Australian)

Could this please be considered for publishing as a Letter to the Editor

It is refreshing to see articles such as Terry McCrann's  "Discounted share issues the great heist of our era"

For too long investment banks (mostly foreign owned) have been ripping off the small Australian mum and dad investor.  Terry has highlighted the ways which investment banks take greater ownership of ASX companies via unfair capital raisings at discounted prices. The same is not offered to the rest of us.  It is high time that ASIC the body responsible for keeping dishonest practices in check and the ASX the body for upholding a fair and orderly market are pulled in to line by the politicians.  Have we learned nothing from what the banks got away with in the global financial crisis? Have we learned nothing from the Royal Commision into Banking?

It has now been 9 months since a petition was started to stop these dishonest practices. It now has over 6000 signatures.  Yet no main stream media has given airing to any of these problems. Maybe Terry's  brilliant article was a sign that investment bank greed gone too far this time.
  
https://www.change.org/p/australian-public-stop-dishonest-practices-on-the-australian-stock-exchange-and-demand-a-royal-commission

Regards
Ben Pauley (devinechanges2018@gmail.com)

The letter was sent to letters@theaustralian.com.au