Personal Finance: Be Penny Wise Says City Regulator

Summary


The City regulator has warned investors to beware of promotions by companies tipping so-called penny shares.

The warning came after the Financial Services Authority (FSA) fined Highbury Financial Services Ltd pounds 35,000 for misleading investors.

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Extract


Personal Finance: Be Penny Wise Says City Regulator

The Bury St Edmonds company was said to have included misleading information in a promotion entitled 'The 25 Shares Most Likely to Double in 2004' and to...

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