No stop for stockmarket predator David TweedHerald Sun editorial reports, UNLIKE New South Wales, Victoria has no law that can halt the activities of stockmarket predator David Tweed.
As reported in yesterday's Herald Sun, Tweed's modus operandi is to use Victorian courts to pursue victims who have been conned into selling shares to him at discount prices.
At the moment, he is suing some elderly and infirm people in Melbourne Magistrates' Court for refusing to hand over their shares after they woke up to him.
For a decade, weak share trading laws have frustrated attempts by regulatory authorities to halt Tweed.
But the NSW 1980 Contracts Review Act protects victims in that state.
The Bracks Government must heed the urgings of lawyers acting for Tweed's victims and bring Victoria into line.
Otherwise, Victoria will not be the place to be. It will be a rogue's state.
❊ Web Links ❊
→ No stop for stockmarket predator David Tweed
Things to see, hear & do this weekend
Weekends are precious. Two days to do what we please. All day Saturday and Sunday to chill, fill and party to our hearts content. No city does it better than ..
Mad March Melbourne 2019
If there was any dispute as to Australia's leading events city, one only has to look at Melbourne in March to see how many first-class, world events are on. Melbourne ..
→ Page Editor