UK 18:26 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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Oh dear, a Nomad who was approached by Equities First Holdings LLC urging it to get its corporate clients to engage in its dodgy share trades has come forward and revealed that brown envelopes were involved. So which Nomad or Nomads have taken one and is this not a conflict of interest?
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Comments
Forty Two
Wouldn’t put it past any of them – though Cenkos and Westhouse must be firm favourites..
Paul Scott
I seem to recall that Cannacord were broker or NOMAD to several of the companies involved? There should have been massive fines for the companies & the individuals within them who misled the market over these EFH sales & optional buyback arrangements, which when combined with a smaller purchase of shares were misrepresented to the market as if sales were actually purchases.
Well done for exposing this scandal. How long might the EFH dodgy deals have continued for, if you hadn’t exposed them???
Yet another incident involving advisers with no moral compass I’m afraid.
briangeee
Very interesting, and very serious if true. Certainly something you would think the LSE would have to talk to the FCA about and possibly even the SFO.