As the 24th Feb shock announcement showed, the longer the regulators, in Ireland with the CBI, in the UK with the FCA, and even in Australia?, look at EML, and dig into their shortcomings regarding AML, KYC, systems etc... the more jittery we should get. Remember what Warren Buffett said on Wells Fargo: 'There's never just one cockroach in the kitchen'. Buffett says when one puts a spotlight on a large financial institution like Wells Fargo, they're likely to find something. “What you find is there's never just one cockroach in the kitchen when you start looking around,” I posit the risk of another regulator clamping down on EML is not sufficiently understood.
EML Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held
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