RE: 5 or 6 b4 july rumour1 May 2020 10:19
The investigation shows:
A history of scandals and company collapse on AIM, and a lack of public sanction and enforcement;
A “light touch” regulation system behind which companies are rarely named-and-shamed for abusing the system;
Problems with AIM’s regulators, known as nomads, that can also act as company brokers and can have vested interests in the companies they oversee;
How oil, gas, and mining companies can potentially mislead investors about assets in politically unstable regions, and how the reliance on the nominee advisor (nomad) system "encourages weak verification and oversight."