A senior manager at Silverdell (SID) has been in touch and has given me a statement which makes dreadful reading for disgraced CEO Sean Nutley. If the regulators want to nail Sean this is not going to be hard. This statement also makes very awkward reading indeed for Nomad FinnCap.
You can see the rap sheet against Nutley HERE
And you can find out how you can (and should) complain to the regulators HERE
Nutley’s big crime (under market abuse – dissemination) is publishing an upbeat trading statement on 20th June when his main subsidiary had received a winding up order on 13th June (something which brought Silverdell down by July 2 but which Silverdell did not disclose to the market.) I speculated yesterday that perhaps Nutley did not know about Kitsons.
He did. The Whistleblower whose identity I must protect takes it up from here.Read the full article