Tuesday 27th July 2010
Dear Reader,
The SFC and
prospectus liability
The SFC complained yesterday about deteriorating
standards of sponsors' work in listing applications. Some of the blame lies with
the SFC for abandoning in 2006 proposals to reform the law on prospectus
liability. Until investors can effectively sue for a fraudulent prospectus,
creating a stronger deterrent, the situation is unlikely to improve.
(27-Jul-2010)
RECENT ARTICLES
Conduit
controversy
After watching politicians and the Government thrashing
around trying to understand the aborted transactions in a small private building
in Conduit Road, it is time for Webb-site to intervene and seek truth from
facts. We also call for free online access to the Land Registry to increase
transparency. (12-Jul-2010)
Manipulation
mania
What are markets really for? Does the law on market
manipulation, and its enforcement, create unreasonable expectations from
investors about the information in market prices, volumes and order queues? We
say it does. It is time for the Government and SFC to review their approach and
reset public expectations. We also look at shill bidding in auctions.
(12-Jul-2010)
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