17-05-2011, 01:09 PM
This is really where regulations come to play. I think we are one of the most lax capital markets in the world.
Scrutiny should really be on the persistent market makers who brings in questionable offerings. If we cannot exercise prevention logically, the least we can do is to make they exercise abstinence for fear of reprisals.
I only seem to recall an incident in recent years of [/code]someone from the BoD of a certain company being charged for signing off on some statements while possessing knowledge of the fact that it is untrue.
Scrutiny should really be on the persistent market makers who brings in questionable offerings. If we cannot exercise prevention logically, the least we can do is to make they exercise abstinence for fear of reprisals.
I only seem to recall an incident in recent years of [/code]someone from the BoD of a certain company being charged for signing off on some statements while possessing knowledge of the fact that it is untrue.