Politics.ie
Advertise on Politics.ie

Go Back   Politics.ie > Topical Discussion > Economy

Hey there!

It looks like you're enjoying Politics.ie but haven't created an account yet. Why not take a minute to register for your own free account now? As a member you get free access to all of our forums and posts plus the ability to post your own messages, communicate directly with other members and much more. Joining Politics.ie is completely free. Register now!

Already a member? Login at the top of this page to stop seeing this message.

Selling "Clocked" Shares & Houses

This is a discussion on Selling "Clocked" Shares & Houses within the Economy forums, part of the Topical Discussion category on Politics.ie. While some of the posters on this site are mounting a campaign against selling clocked cars, I believe that selling ...

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 8th July 2008
Politics.ie Member
 
Join Date: Apr 2008
Location: Meath
Posts: 1,752
Default Selling "Clocked" Shares & Houses

While some of the posters on this site are mounting a campaign against selling clocked cars, I believe that selling clocked shares and houses is a far bigger crime, not to belittle the wrong associated with selling or dealing in clocked cars, and the actual clocking of cars.

The reality is that legions of smartly dressed and smooth talking people are doing the same and have been doing the same with shares and houses over the last decade. The positive forecasts continued even when interest rates continued to rise.

Events seem to indicate that forecasts for incomes, for certain assets such as Stock's and property will decline, and will not be in line with forecasts made by people who purport to have a skill in such matters, having regard to their position, and their likely breath of knowledge of the market and business affairs of such stocks.

The Theft and Fraud Offences Act 2001

Making gain or causing loss by deception.

6.—(1) A person who dishonestly, with the intention of making a gain for himself or herself or another, or of causing loss to another, by any deception induces another to do or refrain from doing an act is guilty of an offence.

(2) A person guilty of an offence under this section is liable on conviction on indictment to a fine or imprisonment for a term not exceeding 5 years or both.



This piece of legislation would seem to leave anyone who was re-numerated by commissions, or indeed any firm re-numerated by commissions, some what endangered by making statements that might induce people to buy or sell certain assets, if they could be shown by their actions, not to believe their own advice.


I am wondering If there are any directors out there who sold shares or who's associates sold shares, and mindful of the 2001 Act will , decide against issuing a profit forecast. If the out-turn of profits did not accord with the profit forecast, they would be in an invidious position if they had sold shares.

I am wondering if there are any auctioneers out there who talked up the market and sold property themselves or on behalf of clients.

Are there people out there, in their offices, listening intently for the wail of the police's sirens, while they hide under their desks, in fear of a reckoning under this law?
__________________
Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1
Reply With Quote

Advertise on Politics.ie

  #2 (permalink)  
Old 8th July 2008
Politics.ie Member
 
Join Date: Dec 2004
Posts: 11,572
Default Re: Selling "Clocked" Shares & Houses

Maybe we could incorporate that bounty hunter scheme you were on about and applying it to snakeoil salesmen aswell as illegals?
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Cowen: "No ministers" invloved in Anglo shares scandal yehbut_nobut Current Affairs 48 18th February 2009 11:21 PM
PC gone Mad! - Oxford University Press has removed words like "aisle", "bishop", "cha Catalpa Current Affairs 18 5th January 2009 07:03 PM
Selling "clocked" cars loner Current Affairs 17 8th July 2008 09:57 PM
Time to stop selling our council houses John Kalahan Health and Social Affairs 8 5th January 2008 08:38 PM


Advertise on Politics.ie

All times are GMT. The time now is 10:43 PM.