UK 00:20 Wednesday, 7 October 2026
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Saville

Markets, corruption, failure of regulation and how the Establishment reacts to scandal with denial

I am struck by the similarities between the myriad of scandals on AIM – and now the main market – exposed here on ShareProphets and the various horrendous scandals that we have, as a country, been faced with in recent times. Perhaps it might be seen as a grubby comparison to liken financial wrongdoing to the scandals of abuse with reference to Saville, Rotherham as well as the Hillsborough tragedy. But the similarities are there: the failings are the same and as a country we need to face it.

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Comments

  1. Good one Nigel ………… Strip the LSE of any powers of self regulation ………….. start a petition today . I will be first to sign .


  2. J P Spaghetti

    I’m sure Harry S. Truman would have approved!

  3. I was actually thinking one day I am sure surely a programme like Panorama or Dispatches will run a expose of Aim one day. I guess it is whether it will this/next year or in twenty years time. Start that petition idea. Track down as much of the shareholders of the frauds that have been exposed as you can to sign..

    At first I invested in some shoddy companies (Range and Sefton!), basically out of naivety until the light dawned on me, which then completely change the way I view what Aim is. It is has saved me a lot of money- and thankfully I got out of Range and Sefton at what is now at least a relatively high price btw. Others are still living with their false perception and it is costing them their hard earned money.


  4. turbograndad

    Nigel,
    The only logical conclusion, as the now dead Mr. Spock would have said, is indeed that the regulators are corrupt, or abissmally incompetent, or both.
    I think if you look objectively about British history, of exploitation, followed by institution, and how the establishment hold furtive power, I am not at all surprised.
    I could go on & on, our foreign policy, MP,s, our worst enemies could not have done a better job running this country down, the British psyche is held in psychological servitude, and the public sector are the puppets, and the establishment the puppet masters, their all on grate pensions and pay offs, and pay, while private sector save the bankers ets has lost ground.
    Time and time again, there is no accountability or censure, so it goes on, police investigate police, doctors in vestigate doctors, MP,s , the church, the scouts, its endemic we are all indeed mad for putting up with it.

  5. Who watches the watchers, and who regulates the regulators.
    When people in this country finally get the message the days of the Jarrow march are over, it worked, and stop voting on partisan lines, and instead starts voting based on the integrity and ability of the MP in parliament. When every seat becomes marginal, and they have to work and compete for it, then it may change.
    I wouldn’t hold your breath. If people bothered to vote, would be a start


  6. nigel somerville

    Wild – trouble is I think the whole lot of the regulators over AIM should be stripped of roles. They’re all hopeless.

    JP – hmmm ;-)

    Erlend – could all be done right now. In the old days one might have gone to Sunday Times Insight team, but these days we have ShareProphets instead! And of course a few deadwood’s ripping off our pieces….

    Turbo – either you are correct, or we have simply given up on being able to get anything better. I sense the latter, so maybe there is hope that the worm will turn.

    Phil – one day, come the revolution! Who regulates the regulators is, ultimately, us. We vote in MPs, they change the law. Perhaps. But who is standing who will (credibly) offer genuine change?


  7. David Russell

    The Aim regulators am looking into the people that’s involved in ripping of the small investors but it takes time so my mate told me. You only mention certain companies on this site but some people have done it a long time and made loads. A friend of mine told me Friday night that he put a complaint into the regulator and lost it with them and they said its a criminal matter and it takes years to nail these people because of the defence they use. I got it wrong about the regulator they pass it on to some type of inter plod. These people am being watched not by the regulator but by the law, these people will lose loads my mate said but It could be bollocks just to get him off their case and they can watch the football.:)


  8. turbograndad

    Phil,
    Agree, we the people need to get rid of this crony cartel of corrupt house of commons, and the institutionalsed party politics, that has taken over our democracy.
    Hope fully we evolve towards a direct democracy, with the help of the increasing awareness within social media, and the issues take the centre stage not the crony corrupt poltitians, and their parties.
    We need independent MP’s with a proven track record of achievement from all walks of life and experience, than the half wits that say they need other jobs, so as to gain experience on the job.
    We have new technology, and age of communication that has changed so much of how we do, lets use this to change our same old failing so called democracy, E voting, E petitions, online debating platforms, government for the people, BY THE PEOPLE.

  9. An excellent article, well done for speaking out so clearly against the cover-ups and blind-eye-turning. The parallel with Jimmy Saville is very apt. I agree with taking the campaigning further, e.g. a petition.

  10. Nigel

    Excellent article!

    Spot on analysis on the disgraceful behaviour and failure of duty by so many official bodies appointed to act, safeguard and oversee …… from financial markets to Hillsborough to maltreatment in hospitals and care homes, the list of failure by these regulatory bodies are legion.

    All to often the scandals and failures only come into the public domain by the bravery and courage of investigative journalists or whistle-blowers, again the respective official bodies worse than useless! They only reactive and are hardly ever proactive.

    There are over 1200 of these appointed non elected quangos and they cost US the TAXPAYER billions!

    Of course, Cameron, just like many of his predecessors, promised in 2010 to scrap dozens of Quangos, saving tens of millions, but like so many of his promises, complete failure to deliver!

    Is our country mad? Good question, Nigel!

  11. You might like to add another example of ‘dodgy’ dealings to your list.

    Last Friday shares in RM2 suddenly shot up by 12.5%, there was absolutely no news to support this price movement. However an RNS released this morning announced that RM2 had secured a major order for pallets from an S&P 500 listed company.

    Did those share buyers on Friday have a crystal ball, second sight or inside knowledge?

    Regards
    Baffled

Complete Coverage

That Was the Week that Was 7 Days of ShareProphets

Tuesday »

Bearcast
Tom Winnifrith Bearcast No 2: It's October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across
  • By Tom Winnifrith
  • 6 October 2026, 16:20
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  • 6 October 2026, 16:20
KEN
Kendrick: surely statement needed on the placing that is underway?
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  • 6 October 2026, 14:20
TEP
Telecom Plus – trading update emphasises “encouraging progress”, but how ‘encouraging’ really?
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  • 6 October 2026, 14:14
Bearcast
Tom Winnifrith Bearcast No 1: Amaroq day
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  • 6 October 2026, 13:31
MVI
Marwyn Value Investors – interims, “a number of different routes to further value creation” BUY
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MPAL
MedPal AI – sales are vanity , cash is fact and so is a lack of it
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CLBS
Celebrus Technologies – I having previously questioned its contractual conversion from a “strong” pipeline, what about now a “Half Year Trading Update”?…
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  • 6 October 2026, 11:40
EDEN
EXPOSE: Eden Biosolutions – revisiting the dodgy TerpeneTech transaction as new accounts out, this is as kosher as a pork pie
  • By Tom Winnifrith, the Sheriff of AIM
  • 6 October 2026, 08:57
AVCT
EXPOSE: Avacta Placing – the truth behind Project Hawkeye
  • By Tom Winnifrith
  • 6 October 2026, 08:27

Monday »

HERC
Hercules – “New Water Sector Contract Wins” announcement, ramptastic?
  • By Steve Moore
  • 5 October 2026, 15:50
Bearcast
Tom Winnifrith Bearcast: a challenge for Bexley YC's 57 year old chairman, the Quantum scandal and Amaroq for the FTSE 250 this week?
  • By Tom Winnifrith
  • 5 October 2026, 15:02
QTX
Quartix Technologies – “pleased to report a continuing strong financial performance”, how “strong” relative to the valuation?
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  • 5 October 2026, 14:00
Beggar
What's the benefits bill where you live? Fascinating new tool from the TPA
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  • 5 October 2026, 13:17
VSVS
We tipped the shares then came the bid
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QBT
EXPOSE: Has Quantum Blockchain misled investors about the Italian House? Part 2
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  • 5 October 2026, 12:15
ENSI
EnSilica – full-year results emphasise “moved into profitability”, but still cash-burning…
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  • 5 October 2026, 11:38
QBT
EXPOSE: Has Quantum Blockchain lied to investors about the Italian House?
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  • 5 October 2026, 10:42
PBX
Is it always a bad sign when you switch auditors to PKF Littlejohn?
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  • 5 October 2026, 10:12
Clown
Win a bottle of champagne from Lucian Miers MMT contest
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  • 5 October 2026, 09:15

Sunday »

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Tom Winnifrith Bearcast: As YOUR hard earned cash is being used to punt on an AI ramp, I look at the whacky accounts of FN Advisory
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  • 4 October 2026, 20:02
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  • By HotStockRockets
  • 4 October 2026, 18:05
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URU
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  • By Nigel Somerville
  • 4 October 2026, 13:16
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Sunday Long Reads: Britain back in EU?, Lazy Hitler, Electrician Wannabee, I, Claudius, AI v the Pope
  • By Darren Atwater
  • 4 October 2026, 13:14
Top-10
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  • 4 October 2026, 13:14

Saturday »

Bearcast
Tom Winnifrith Bearcast: £1.2m of questions as the Reabold bid for Union Jack fails
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  • 3 October 2026, 20:46
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Vaultz Capital – third time lucky? Not on your nelly - more red flags than May Day in Moscow
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  • 3 October 2026, 19:14
Atomic
Video: The Uranium Blow-Off Top, AI Hyper-Scalers & ‘Huge Value’ in The Miners
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  • 3 October 2026, 17:16
BMS
Braemar – half-year trading update, an “increased volatility”-benefitting Buy
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  • 3 October 2026, 17:10
Price-Vs-Value
ShareProphets readers tips for 2026 prize competition – (just after) end-September update
  • By Steve Moore
  • 3 October 2026, 16:55

Friday »

Bearcast
Tom Winnifrith Bearcast from my sick bed
  • By Tom Winnifrith
  • 2 October 2026, 16:22
KMK
Kromek – “expansion to its revolving credit facility”, but I thought it was profitability “slightly ahead of expectations”?
  • By Steve Moore
  • 2 October 2026, 16:20
EAAS
eEnergy – “pleased to announce” fundraising. Er, really?!…
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  • 2 October 2026, 14:38
Gold
Video: Why These Critical Metals Will Explode Higher, ‘Uncharted Territory’ For Gold
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  • 2 October 2026, 13:21
PDL
Petra Diamonds misleads as it finally fesses to the HMRC winding up petition
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  • 2 October 2026, 13:11
RM
RM plc – sale of Technical Teaching Solutions business, still a sum-of-the-parts Buy
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VLRM
EXPOSE: Valereum interim accounts demonstrate grotesque non compliances with IFRS 9
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  • 2 October 2026, 12:05
AMRQ
Amaroq – “pleased” with further Nanoq drilling programme and metallurgical test work, here’s why…
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  • 2 October 2026, 11:57
QBT
Quantum Blockchain Technologies deeper dive accounting nerdery, nothing adds up, wholesale IFRS breaches
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  • 2 October 2026, 11:48
Bear
The Easy Money Fairy Tale Is About To End Violently says the world's second most foul mouthed financial podcaster
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  • 2 October 2026, 11:45

Thursday »

Boom
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  • 1 October 2026, 16:34
Bearcast
Tom Winnifrith bearcast: a new share trade
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  • 1 October 2026, 16:22
ECP
EXPOSE: £24m cap Eight Capital Partners declared profit but a looming liquidity challenge
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TPT
Topps Tiles – “expects adjusted profit before tax for the full year to be in line with current market expectations”, not the initial expectations though!…
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  • 1 October 2026, 14:17
QBT
Quantum Blockchain Interims: how is this AIM posterboy company not classified as bust?
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  • 1 October 2026, 13:13
Beggar
To be fair to Andy Burnham and chancellor Healey as the 30 year bond tops 6%
  • By Tom Winnifrith
  • 1 October 2026, 11:26
LST
Light Science Technologies – after just in August “confidence in a strong second half has strengthened”, why are the shares now slumping on a “Trading Update”?…
  • By Steve Moore
  • 1 October 2026, 10:53
ECOB
Eco Buildings – interims, a progress in Albania and elsewhere STRONG BUY, this could multibag by Christmas
  • By HotStockRockets
  • 1 October 2026, 10:40
VLRM
Valereum Interims Part 1: A fess up on past untruths, the auditor calls out cock & it looks to be bust!
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  • 1 October 2026, 10:31
Bully
Paul Mathieson back where he started – my mother’s suicide, this time he ropes in my late father as well
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  • 1 October 2026, 08:06

Wednesday »

WPHO
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  • 30 September 2026, 14:57
KEN
Kendrick interims: do the maths, its got no money at all! Bailout placing ahoy! £24 million Timber!
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  • 30 September 2026, 13:18
TAND
Tan Delta Systems – interims argue “a strategic market position with a compelling offer”. Really?
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  • 30 September 2026, 13:05
TLW
Tullow $393 million tax blow – could that sink the ship?
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  • 30 September 2026, 12:46
Bear
Video: Food Shortages, Inflationary Spiral & Why Gold Miners Will Benefit ‘Tremendously’
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  • 30 September 2026, 11:27
SALT
If Microsalt hits breakeven in 2027 as it promises I am a banana & so is Evil Banksta
  • By Tom Winnifrith
  • 30 September 2026, 10:53
FUTR
Future plc – argues trading “in line”, but why after previously “accelerating” its share buyback is it now to “pause” it then?
  • By Steve Moore
  • 30 September 2026, 10:37
BMV
BREAKING: Sath Ganesarajah of Bluebird breaks the rules yet again
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  • 30 September 2026, 10:09
AGI
EXPOSE: Potentially AI – significant loss in last interims before RTO and breaches of IFRS accounting standards
  • By Tom Winnifrith
  • 30 September 2026, 10:03