We call on the FSA to investigate whether Steven Crawshaw, the CEO of the Bradford & Bingley has committed Market Abuse
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We call on the FSA to investigate whether Steven Crawshaw, the CEO of the Bradford & Bingley, has committed Market Abuse.
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.
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.
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550 signatures
Goal: 1,000
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Neil B
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One of b&b'directors sold 200k worth of shares a couple of months ago, insider trading or wot?
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