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.
As you know disgraced broker WH Ireland (WHI) used fascist bully boy lawyers to stop the penioners it mugged ( the Bagots) and Nigel Somerville from exposing the AIM listed firm at UK Investor. We went ahead and what we served up was shocking. WH Ireland has to date insisted that the Bagots were a one off. That now appears to be demonstrable fiction.
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Comments
THE CORNISHMAN
I suspect the reputational damage through articles here and in the Mail and also the Telegraph whose readers include a lot of existing customers and potential new customers will lead to less new business and exits from existing clients which is why I sold out after this story first started to hit the press. Discretionary clients typically pay higher fees but they need to feel that they can trust their broker.
wildrides
Great work done here by the Share Prophets team ……… well done to all involved .