UK 12:47 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It is no secret that ZAI Corporate Finance run by big Ray Zimmerman is the worst Nomad in London. If no-one else will represent a client, Big Ray steps up to the plate but I can reveal that this has already landed him in the soup big time with the regulators and I now urge the FCA and AIM Regulation to shut him and his company down for good in an open letter.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Woody44
Tom, this may be a difficult request for AIM because it may be that AIM Regulations allowed ZAI to take on Naibu without carrying out full DD in order that Naibu was not immediately suspended. It might be that AIM were more concerned with companies losing their listing in a “disorderly” fashion than the requirement for ZAI to carry out full DD. Lots of “mights” and “maybes” but these are the rumours among the Nomads. If this is the case then the finger pointing should really be at AIM Regulations. Worth investigating perhaps?
DUCK AND DIVE
I rather hope that the regulators were complicit in this as it will then turn into the biggest stink the City has seen for years, a Government enquiry, evidence before committees, mass sackings and a long-overdue overhaul of the regulatory process. And if the UK Government is reluctant to act then I’m sure MiFiD/the EU would love the chance to haul our regulators over the coals.
Bob
“What I can reveal today is that ZAI Corporate Finance has already been slammed by the regulators for its failures in doing due diligence in client take-ons and monitoring, notably with regards to PLC clients from Asia. The formal reprimand came in an 80 page document which has been seen by a reliable source. But it was a private bollocking.”
Bwah Hah Bwah Hah Hah.
Please do escalate to 24 Pater Noster Square.
Bwah Hah Bwah Hah Hah.
.. and then kindly fuck off.
Al ist Klar?