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.

RNS Translation Service – AIM Regulation on its epic failure to regulate the Quindell fraud

By Ben Turney

5 August 2015 06:20

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Someone at the London Stock Exchange has clearly broken out the cattle prod today and abruptly woken the AIM Regulation Team from its deep slumber. Wonders will apparently never cease, as AIM Regulation has actually bothered release an announcement concerning its miserable failure to regulate Quindell (QPP). Those in a more charitable mood might say “better late than never”, but we strongly doubt there will be many long-term shareholders in this group. ShareProphets’ handy translation service now fills in the gaps of what should have been an apology to all those caught out by this fraud.

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Comments

turbograndad

5 August 2015, 06:51

Ben,
You said it, along with the Gotham City expose’, the past form of this shyster ie Innovation group, the RNS’s via Lse itself, total shambles.
I am currently writing up my resume’ of how this unfolded, chapter & verse, as a shareholder, with the legal claim, and the failure of regulation is just one of the many factors, just hope they can be made accountable also, useless bastards.
J P Spaghetti

5 August 2015, 08:41

Ben – have you thought of collaborating with Babel Fish…?