How much corruption exists in the "City"?

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How much corruption exists in the "City"?

I do not know the answer but what I can say is that having observed the AIM market over the last 10 years I suspect some practices that are illegal ( or should be illegal if the private investor was protected ) do happen on a regular basis. My main suspicion is insider naked short selling using a forthcoming and unannounced placing to cover.
Thoughts?