AIM is owned by the London Stock Exchange and regards itself as the junior market for the world. I regard it as a casino and its regulation department headed up by Marcus Stuttard, the self-styled Sheriff of AIM, as the biggest joke in London. I now have a shocking revelation for you which exposes the conflict of interest which will destroy what little credibility the casino still has.
AIM (i.e. the LSE) makes its money simply by having as many companies listed as possible. It does not matter if the companies are good companies which make money for investors or are frauds which steal money from investors, AIM just wants companies to list. And to stay there. And with that in mind the idea that it can regulate itself is like asking the fox to take care of the chickens.
In the last month we have seen the Naibu scandal hit the front page of the FT. As we
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