UK Regal Slapped With Record Fine

摘要

Ukraine-focused explorer Regal Petroleum, which is listed on London's Alternative Investment Market (AIM), has been fined a record ￡600,000 ($1 million) by the London Stock Exchange (LSE) for duping investors about an oil discovery made off Greece in 2003 (IOD Jul.24'08,p3). In a scathing report published Tuesday, the AIM Disciplinary Committee (ADC) found Regal made a series of "misleading" stock market announcements between June 2003 and May 2005 relating to forecasts for reserves at the Kallirachi prospect in the North