Disclosure: I own shares in one or more of the stocks mentioned. 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.
For anyone still interested in the New World Oil & Gas (NEW) forward selling fiasco, the old FSA’s final notice concerning the Room Service scandal makes for compelling reading. It turns out that there is a very clear precedent for how the New World omnishambles can be resolved. And it doesn’t end with happy smiles for those poor old “innocent” forward sellers.
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