14 November 2007
Regulation of contracts for differences (CFDs)
The Financial Times today (14th November 2007) published a letter of mine about the regulation of Contracts for Differences (CFDs). The letter was a rehash of the letter posted on this blog on 8th October 2007. The letter makes the additional point that holders of a CFD should have no influence over the business of a company, just as people who bet on a cricket match should not be able to affect the outcome of the match. Any such influence dilutes the proper influence of the real shareholders on the share register. The full text can be read at:
http://www.ft.com/cms/s/0/fa07bfe8-9253-11dc-8981-0000779fd2ac.html (subscription may be required.)
http://www.ft.com/cms/s/0/fa07bfe8-9253-11dc-8981-0000779fd2ac.html (subscription may be required.)
Labels: activism, CFD, share register
