RE: RE- News24 Jun 2021 19:20
Insidious: it took me a while to work that out, and I know roughly what I’m doing.
AIM is part of the LSE. It has a thick rule book. It’s overseen by the FCA. Investors are entitled to assume that where there are rules, they will be applied and enforced. Misleading or absent information from company managements, transparent (to people in the know) pump and dumps, ramps before placings, selling of placing shares before a placing is announced, favours for management friends, shills everywhere on chat boards, complicity of chat board management in misinformation through removing dissenting posters, no sanctions at all for breaking the rules - the rotten list goes on and on. Even the Government winks at it - his failure in his role at the FCA to do anything about enforcing the law and the regulations should have excluded the current Governor of the BofE from consideration for the job.
It took me a while to realise what goes on. It’s not just a casino, it’s a thoroughly rigged one. Small investors should avoid it like the plague, they’ll get fleeced most of the time. They’d do better on the horses. An outstanding disgrace and a thoroughgoing embarrassment to London as an honest global financial centre.