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Tern – FCA Responds: Are You Sweating Yet Angus Forrest, And Your Crony Capitalist Cabal?

By Nigel Somerville, The Deputy Sheriff of AIM | Thursday 8 January 2015


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.


On Tuesday I published an open letter to the FCA and to AIM Regulation lambasting them for their uselessness over the fiasco which took place at Digital Learning Marketplace plc in 2012 which had at the time involved two of Tern’s (TERN) current board as well as one of Tern’s current Brokers, and asking them to investigate recent events at Tern plc. You can read that open letter HERE  The FCA has now responded – and the Market Abuse team is taking a look. Here is what they have to say for themselves:


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