RE: 4D Pharma - Advancing Forwards4 Apr 2022 18:25
The day before the latest RNS, there were humungous after hours’ buys. I see corruption all the time in the stock exchange..at all sorts of levels. The insider trading pre Placings is just blatant. I first approached my MP in 2013 re. the corrupt shorting practices going on against targeted companies. One company in particular..Cape View ( Hedgie) ’ was manipulating POG pre and post Rights Issues. The then FSA and PRU were not interested. The finance minister who wrote me a letter back 2 months later didn’t even know what a Rights Issue was. Corruption and Insider trading are endemic in the City and NY and probably most exchanges. Except in the Frankfurt DAX you can only short shares you already physically own.
Leaked info is the norm. Instiitutions cosy up to MM’s and each other. No traceable emails. Hedge funds are totally unscrupulous. I used to teach A level financial studies. It was a load of tosh because most of it was ignored in reality. Same with Economics. Much of it untenable theory…but much not. It helped to understand Keynesian and Monetary ideas from right back to the Great Depression. And application to QE etc etc.
But the FSA/PRA/FCA/PRU are essentially worth contacting but my experience is of toothlessness all round. The SFO are hot, but only investigate Serious Fraud. Surprise! Like Petrofac. They get away with it all in the City because they know they can. I lost £100k in POG as the MM’s blocked my allocated share trades very cleverly. Shorters drove the share price well below Rights Issue price and scooped up a fortune. Many more experiences.
Mm’s are extraordinarily devious too.Delayed trades and oh so many sly tricks. It’s a jungle.
I respect anyone who follows their conscience and has the guts to do anything about any of it. Success or failure. Give’em Hell The manipulation and dirty deeds put Charles Dickens London in the background. I don’t think anything will be done, but if you don’t try you won’t even have that possibility of change.
Go for it.