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Invested in something dodgy-ish but what can we do now?
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It's pretty ridiculous to suggest that because some people are not able or willing to assume responsibility for their own affairs, the vast majority of people should not be trusted with their own money.
If people are to be trusted with their own money they need some protection from Scammers, and it would have been a good idea to put that in place first. Thats what the FSA (or whatever they call themselves now) are so highly paid for.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Why oh why are so many people allowed to make a very good living and commit fraud/engage in dubious practices under the umbrella of UK company law?Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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C_Mababejive wrote: »Why oh why are so many people allowed to make a very good living and commit fraud/engage in dubious practices under the umbrella of UK company law?
The shares being promoted may be in a major sounding market like the USA, but in the unregulated microcap market which should be avoided at all costs:
https://en.wikipedia.org/wiki/Microcap_stock_fraud
As a result the UK authorities have little power to pursue them. Even if they did try to involve other countries since the middle men have no fixed abode they can switch countries as soon as they feel the heat, and the microcap companies whose shares were sold will claim they were not involved (and that might even be true if it was a simple "pump and dump").0
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