Posts from Sunday Jul 6 2014

Probe Gotham? Er, no. Gowex is bust

On Tuesday, US short selling specialist Gotham City Research declared Spain’s Let’s Go Gowex to be a fraud. When the shares collapsed, triggering a suspension, the immediate response of regulators at Spain’s alternative stock market regulator, the Mercado Alternativo Bursatil, was to fire off angry missives to America’s SEC and the UK’s FCA. It wanted to “determine if there have been illegal operations” on the part of Gotham and its managers.

Lo and behold it looks like any illegality may just have been a little closer to home. Click to read (spanish)…

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