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Eye-on-AIM

ShareProphets Exclusive: AIM CEOs speak out on City placement corruption and market abuse – Part 1

By Ben Turney | Wednesday 19 August 2015


 


AIM Regulation and the FCA’s inability or unwillingness to tackle rampant market abuse involving the illegal forward selling of placements on AIM has cost companies and shareholders hundreds of millions of pounds. The problem has become so widespread that it is widely seen as the cost of doing business in the lower reaches of the market. This is unacceptable and two current CEOs of AIM-listed businesses have spoken out about the parlous state of play.  Below I share the first testimonial, given on the condition of anonymity.

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