It is no secret that ZAI Corporate Finance run by big Ray Zimmerman is the worst Nomad in London. If no-one else will represent a client, Big Ray steps up to the plate but I can reveal that this has already landed him in the soup big time with the regulators and I now urge the FCA and AIM Regulation to shut him and his company down for good in an open letter.
AIM relies on Nomads doing due diligence on clients before taking them on and monitoring them after take on. If a client is a “wrong un” the Nomad must report this and stop trading in the shares. But sometimes the need to generate retained income means some Nomads turn a blind eye or worse.
What I can reveal today is that ZAI Corporate Finance has already been slammed by the regulators
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