Time for shareholders to start a revolution
Article Abstract:
Private investors have been adversely affected by a number of developments in the United Kingdom. Most private investors will have to use brokers rather than take part in a new order-driven trading system which only applies to deals of more than some 4,000 pounds sterling. Dealing charges could rise, and some brokers may cease to provide a service for private investors. Private investors are an important source of liquidity. They should have better access to information, and the Stock Exchange should cease to regulate the market it is involved in.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Penny shares in the dock
Article Abstract:
Penny stocks can be volatile and the company concerned could go bankrupt. The UK Personal Investment Authority has brought in regulations to ensure that investors are aware of the risks involved in investing in penny stocks. Dealers buy large blocks of penny stocks and have not always explained risks clearly. Investors should be aware that no price gain may be acheived for a year, and may never be achieved. They should also avoid risky sectors such as exploration companies in the mining and petroleum industries.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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End of the line for the penny-share pushers
Article Abstract:
United Kingdom regulators are exerting more control on penny-stock dealers. The regulator, Fimbra is studying disciplinary action aganst three dealers following fines imposed on another three, one of which is being wound up. Fimbra itself is to be wound up and the dealers will be regulated by the Personal Investment Authority, which is stricter. Dealers sell stocks which are usually speculative, and the survival of dealers is in doubt following the move toward a stricter regulatory regime.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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