Friday, 21st July 2006

Dear Reader,

TWO NEW ARTICLES
Trust, but Verify (21-Jul-06)
Webb-site.com proposes a solution to reduce the recurrent problem of brokerage failures, while at the same time improving communications with shareholders and retail investor participation in corporate governance, bringing HK up to international standards.
http://webb-site.com/articles/trustbutverify.asp

Tiffit's Collapse (21-Jul-06)
We look at the collapse of Tiffit Securities and what lessons the SFC can learn from it. In our view, they should have shut this firm down and banned its operator 3 years ago, after a second regulatory offence and a criminal prosecution. The owner and his firms were also in trouble in Australia in 2001 and 2002.
http://webb-site.com/articles/tiffit.asp
 

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____________
David M Webb
Editor, Webb-site.com
http://webb-site.com