Mirco Danic 0

Sign the petition to stop online financial market abuse.

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In a recent Reuters article about online market abuse (The Stock, The Web, The CEO and his Lawyers 22/11/10) the FSA confirmed that market abuse conducted on financial bulletin boards is 'low priority' and misinformation on these sites is at the bottom end of the market abuse scale. Well, many investors beg to differ with that view. The FSA say their efforts at fighting this type of market abuse concentrates on 'deterrent'. However, where is the detterent to stop this kind of behaviour when they say it is low priority? The FSA's response is pathetic and typical of an organisation which lacks transparency and accountability. Because the FSA will do nothing about this it appears several AIM companies are taking their cases of market abuse to the High Court. But surely this is not right? Please sign this petition to show your digust at the attitude of the FSA. This petition will be handed to the FSA and other authorities including the government department which oversees financial regulation. It is time to make things change.

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