UK 23:23 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Xavier Rolet thinks he is delivering great things to all people on his watch as CEO of London Stock Exchange plc. His board would have us believe that. Marcus Stuttard thinks he is the sheriff of AIM. They extol the virtues of London’s junior market. We are told of how they have raised billions for smaller companies, and how this has added billions to GDP. Well that is just rubbish: what about the billions of pounds that investors have lost on AIM? AIM is a failure.
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Comments
DUCK AND DIVE
Most people here would probably agree with every word, Nigel but given the number of times that similar charges have been laid at AIM’s door by different ShareProphets writers without – apparently – any action being taken by the powers that be, the campaign presumably needs to be waged on other fronts.
What about a petition? Can we all write to our MP? Can we enlist the help of other bodies of investors? Can we raise funds for a series of embarrassing advertisements? Can we get a question asked in parliament? Can we get some AIM investors to throw themselves under a horse? Can we create a dedicated website, called SHAIM? Can we muster a class action against LSE? Can we just call the police?
Bob
AFAIK Criminal offences should be reported to ‘Plod’ so the CPS can decide no harm has been done…
https://www.fca.org.uk/static/documents/fsa-market-abuse-factsheet.pdf
IIRC a couple of people, or at least one, has tried that route in respect of your ‘good’ self. Apparently it is ‘the cheap way’ of threatening someone to get them to ‘shut up’.
Otherwise you have to go via a private ‘Lawyers Fill Their Pockets’ civil offence route.
IANAL
Perhaps your hot Barrister would be able to advise how you present your case to ‘Plod’ such that they, and the CPS, take it seriously in respect of Market Abuse as a criminal offence and as practised by the people who are meant to, self, regulate the markets themselves.
Just a thought.
Bob
Here you go…
http://www.out-law.com/page-8304
“Central to the meaning of market abuse is ‘behaviour’ in relation to shares and other financial instruments that are publicly traded, whether in the United Kingdom or elsewhere in Europe. (See Scope of the market abuse regime, below.) If that behaviour corresponds to one of seven types characterised as being either insider dealing or market manipulation, the civil offence may be committed and sanctions can follow. Note, however, that, in addition to these civil offences, *both insider dealing and market manipulation remain **criminal offences***.”
You might wish to ask for advice from the folks who run ‘OutLaw.COM’…
© Copyright Pinsent Masons LLP
Certainly looks like they know their shit.
Sherlock
Shareprophets translation service:
AFAIK – as far as I know
IIRC – If I remember correctly
IANAL – I am not a lawyer
J P Spaghetti
Thanks for that SHERLOCK (seriously)!