Oulook: Undermining AIM
Tuesday 01 February 2005
The purpose of this floor is to ensure the issue is large enough to attract institutional money, which in the LSE's view should in turn allow for some degree of corporate governance control. In my experience, institutional involvement rarely guarantees anything, while the idea that the sort of punters who play the Alternative Investment Market need protecting from their own stupidity is just plain patronising. Caveat emptor is all that's needed to govern AIM. All else only undermines AIM's high risk, potentially high reward purpose. I, for one, will not be complaining of regulatory failure if the present exuberance ends in tears.
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- 3 Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
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- 5 Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
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