UK: GRIFFITHS & LAMB FORCED TO STOP TRADING

Article Abstract:

In the wake of efforts to disguise a failed company flotation in May in which rules were breached, Griffiths & Lamb, the Birmingham stockbroker, was forced to cease trading by the Financial Services Authority(FSA). Intervention orders prohibiting further trade have been issued against the company and against the individual John Hallworth. Trading in Talbex, the parent company of Griffiths, and Henderson Morley , the company whose shares were being offered and other associated firms, were all suspended on Ofex.

Government regulation (cont), Security and commodity exchanges, Security brokers and dealers

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UK: INCREASED POPULARITY OF ONLINE SHARE DEALING

Article Abstract:

It is said that online share dealing is increasing in popularity in the UK. Many companies are struggling to keep up with the demand for their services and have to increase staff numbers to cope. Some online dealers are seeing their business double every two weeks and some see as many shares traded in a single week as they did during the whole of the first half of 1998.

Sales & consumption, Statistics

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