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Regulation of shareholder action groups following the debacle of the RBS case

Regulation of shareholder action groups following the debacle of the RBS case (see http://www.thisismoney.co.uk/money/news/article-5266449/Demand-probe-RBS-Shareholders-Action-Group.html ). As regards the suggestion that such groups be “regulated”, I do not see how that would necessarily assist to protect the interests of shareholders. Indeed, it might result in even more involvement of lawyers when one of the big problems is that legal firms often set up and run such groups and this is often in their interests rather than the claimants. Introducing regulation would also make ...

Private Investor Dialogue with the FRC

Following the success of the last year's FRC event (photo below) a date of 26th November 2018 has been agreed for a Private Investor Dialogue with the FRC. Please put the date in your diaries. More details will follow later in the year.   Click here to see the feedback survey results of last year’s event. The FRC were very pleased with the event and the feedback research. We continue to have regular meetings with the FRC and are increasingly being invited to ...

Carillion Goes Into Liquidation

Carillion (CLLN) has gone into liquidation. No messing about with “administration” - it’s gone straight into liquidation with a receiver being appointed. The Government may apparently take over direct responsibility for some of the contracts that Carillion operated to provide public services, but it is unclear what will happen to the commercial contracts. Up to 43,000 jobs are at risk. In addition, many other companies are at risk who acted as suppliers to Carillion because as trade creditors they are likely ...

Want to Get Rich Quickly?

Do you sincerely want to be rich? That was the sales slogan used by fraudster Bernie Cornfeld which attracted many. Or perhaps even better, do you want to sincerely get rich quickly? That is in essence the sales pitch used by many promoters of CFDs (Contracts for Difference). CFDs are geared investments in stock market shares, bitcoins, commodities or any volatile instrument where you can magnify your profits many times. Or, of course, magnify your losses. You can, to put it simply, ...

KIDS – Who Is Kidding Who?

There was an interesting article published by Citywire yesterday on the subject of Hargreaves Lansdown removing 96 investment trusts from its trading platform. Such trusts as Dunedin Enterprise, Blue Planet and Oryx International Growth have been suspended. The reason is because they have not yet made available a “KID” (Key Investment Document) which is required by the new PRIIPS regulation and mandated by the FCA/EU from the start of this year (see https://www.fca.org.uk/firms/priips-disclosure-key-information-documents for more information). At present investment trusts are mainly ...