Top shareholder body backs Burford03 Oct 2019 15:55
Under-fire litigation financer Burford received a boost today as an influential shareholder body backed its fight against US hedge fund Muddy Waters and the London Stock Exchange.
ShareSoc — a body which protects individual investors — said Burford is right to take its own legal action to find out who may have manipulated its stock, claiming the Financial Conduct Authority lacks the firepower and has no track record of prosecutions when it comes to so-called “spoofing and layering”.
Earlier this week Burford launched legal action against the LSE, asking the exchange to release the names of traders who allegedly cancelled large sell orders on August 6 and 7 when it came under a short attack by Muddy, led by Carson Block.
American regulators have been handed claims of market manipulation in the trading of shares in litig18 Aug 2019 07:56
The US Securities and Exchange Commission and the Department of Justice were passed details of alleged share manipulation minutes before short-seller Muddy Waters released its dossier on Burford this month.
The firm is best known for spotting fraud at Sino-Forest Corp, a Canadian-listed Chinese company whose stock fell 74 percent before it eventually filed for bankruptcy protection in March 2012. In 2014, Canadian authorities outlined criminal fraud charges against Sino-Forest and its executives. Prominent investors including Maurice Greenberg and John Paulson lost significant amounts of money on Sino-Forest.
Doc Holiday real name Mr Michael ******* of Runcorn, Cheshire, (an ex sewage worker) or as most know him ****low! A vile troll with a history of vile abuse going back years. ******* was banned from twitter 2 yrs ago for similar behaviour and has sneaked back to continue his disgusting abuse under the guise of a ‘financial commentator’ where he regularly pumps and dumps companies that pay him via his shell company (Volant Services) to massively over-promote.
Lordy ... and I was under the impression that blue simply signified the price had risen from the open - not that buys had exceeded sells. Just shows, if you're willing to believe a bunch of ****e, you can learn something new every single day ... and live with the consequences.