In March, when bear raiders spread false rumours that banks were planning rights issues, the banks and the FSA said this was market abuse as investors had – as a result – trades shares on the basis of falsehood. On 14th April Bradford & Bingley said it was NOT planning a rights issue. Investors buying shares on that basis paid 165p.
On 18th of May a deeply discounted rights issue was announced. |
The shares trade at 115p. Investors have lost 30% in just 1 month because they bought shares on the basis of the B&B statement. We believe the FSA should investigate Steven Crawshaw, the B&B CEO whose package in 2007 was a staggering £1,112,548, to determine whether he and his board are guilty of market abuse.
If you agree, join the petition
and sign HERE |
