Feeds

UK shares bulletin board faces legal bullet

The legal scribbling could be on the wallpaper

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

Popular shares site Hemscott, run by Hemmington Scott, is facing legal action from a wallpaper company, the Daily Mail reports. Walker Greenbank is threatening to sue Hemmington Scott for alleged defamation published on its bulletin board, and it wants Hemscott to reveal the identities of the message posters, who often use pen names. The move follows controversy in the US over individuals who attempt to pump the price of shares so they can then clean up, as other readers of the bulletin boards pile into what they consider to be "hot tips". Of course, the Hemscott Walker Greenbank comments are the opposite of "pump and dump". They are more along the lines of "dump and dump". Like many other similar boards worldwide, there are messages separating the opinions of posters from the firm that hosts the posts. UK law so far has no powers to intervene in these type of cases, although the Financial Services Bill, likely to become an Act of Parliament later on this year, is expected to have more clout than the current legislation. ® * Register FactOid 111. Every time we think a technology stock is worth a flutter, the price seems to fall.

The essential guide to IT transformation

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.