London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
It's very likely to be called tonight. A Labour government will be great for retail investors. They say they want to attract investors. They aren't corrupt and they will give the FCA more power to deal with poor practice imho. They are especially keen on prevention and early intervention in health. Might even see trials and regulatory approval speeded up because they have a commitment to get the best tests, treatment and drugs in place.
GLA.
Well if Labour do get elected they will do something for the mentally unstable such as yourself..
Did that make you feel happy Ant? Oh dear.
"FCA more power to deal with poor practice"
The things the FCA do for me
Restrict retail investors by locking them out of placing, I am not allowed to buy a share in a placing at say 114p with no fees and stamp duty as I do not know enough and can't be trusted with my own money but I can but the same share on the market for 116p + fees and stamp duty
Make retail investors tick a lot of boxes. Cost me extra money (2 sets of fees) to transfer a share with a KID from IWEB share account to IWEB ISA as it can't be done in one transaction as I have to tick the KID box.
Make retail investors sit tests to invest their own money
Make companies produce ESG report just to list on the LSE even if they do no business in the UK
Push ESG agendas
Push Woke agendas
And you want to give them more power!
You don't think companies should show commitment to ESG? Who are you? Crispin Odey or someone like him who should be preparing for trial by now?
Interesting whenever the FCA get mentioned on an investors board you get all these goons turn up. The vast majority of retail investors will benefit from a more powerful FCA with an extended remit to clean up Aim. More people will give investing a go when it starts to feel less like a casino. Who will lose? The lifestyle companies and the dodgy brokers. Who will gain? Retail investors and decent companies including micro companies with real substance to them like this one.
Trickymatters
"you get all these goons turn up"
So which one of my points makes me a goon, they are all facts if you bother to do the research or have been caught out by them you would know. I had a role in large investment bank and had to implement some of the rules, they did nothing but tick boxes. There is a saying in the industry, the FCA regulate for the last crisis, in other words the close the door after the horse has bolted.
The money laundering regulations do very little except get people and small companies debanked due to the cost of compliance, far cheaper just to get rid of a small customer than do £1000s of investigation just to meet the regs even if you know there is nothing wrong but was flagged up for some meaningless reason. I ended up with 2 of my business accounts I had for years locked for months because of KYC, a real struggle to get the freed up.
In order keep my job I was forced to do many courses and pass all the tests which were completely irrelevant to my job to meet the FCA rules, they were regarded as a joke but cost companies a lot of money.
As I said companies that are not registered in the UK and do no business in the UK must produce ESG reports to list on the LSE, so usually do not bother and lists elsewhere. The ESG reporting regulations makes not one jot of difference but adds costs and not in force on any other exchanges, one of the many reasons companies are leaving the LSE or listing elsewhere.
Perhaps you should try dealing with the FCA rules on a professional basis then you too would be a goon in your eyes.
Hilarious Terry. You are admitting you are a goon then. Cynical, not wanting to comply with the regulations. Money laundering is a problem and the worst goons get caught - there are stories every other week in the FT about court cases on the subject. Insider dealing, also a big problem for us small investors. We need Aim to get cleaned up. We need lifestyle companies off the stock exchange. We need auditors to do their job. That's what will attract more investors. You are advocating for a race to the bottom where only the banks and the brokers win. That's what puts people off investing. ESG is there to try to ensure that companies are not behaving exploitatively. The fact that you see it as a tick box exercise is very telling. Gross.
In the meantime ABDX are well placed for a prentative approach to healthcare that a Labour government wants. Bring it on.
'ESG is there to try to ensure that companies are not behaving exploitatively' - Utter crap - ESG is there to appease the woke tree-huggers who make all the bloody noise. It's got absolutely zero to do with exploitation or corruption - those problems were there long, long before ESG became de-rigueur and it's still there now - no change. Furthermore, it will likely still be there when ESG has run it's course and the next flavour of the month comes along! LoL
Trickymatters
You obviously know nothing about the FCA, how many courses have you done, I had to do so many and also pass (if not I was out of a job) these useless courses I have lost count. If you have had to deal with the regulations you may have some idea what you are talking about. They are a bunch of jobsworthy box tickers, this is a view taken by many in the industry, they enforce very little, hardly anyone gets prosecuted. Take a look at the USA SEC and FINRA which is far more effective especially with insider dealing. OFAC is far more effective for money laundering, which was the system used at the Bank I worked for and the system where I also had dealing. Why do think so many companies, individuals and even charities are be de-banked, not because they laundered money but because a transaction trigged some strange rule and it costs too much money to do the investigations, spend some time on research.
In my personal life I have had to move from a broker (pulling out of UK due to ridiculous regulations) and had to move 2 accounts of companies I own from an asset manger because of change of regulations which cost me a lot of money and a lot of time. I had a good relationship with the asset manager for many years (still have), they mostly handled my accounts on a discretionary basis but with some intervention from myself to maximise tax efficacy. Change of regs and they cannot handle my accounts in a way that worked well for both of us for years. They were very good and allowed me to leave without exit charges as they saw how unfair these change of rules are. This asset manager used to deal with clients who had a few hundred thousand pounds, but after speaking with them they are not now interested in any clients with less than £2 million because of the increase in FCA regulations and therefore costs. Another great win for the FCA small investors now blocked from good quality investment services because of the FCA.