With all the added disclosure and transparency that was supposed to arrive with MIFID II, we were sure there’d be a special box to tick for an analyst to declare their inability to read a basic chart.But we’ve been through the 28 pages of Richard-Maxime Beaudoux gushing “Buy” note on Wirecard and we still can’t find the relevant admission.Mr Beaudoux moved recently from the Paris-office of tech-focused investment bank Bryan, Garnier & Co to SocGen, and he’s wasted no time in introducing his new client base to a familiar, defamatory, evidence-free trope: that former Alphavillian Dan McCrum is corrupt.Here’s a taste, along with the relevant chart: On 30 January 2019 – the very day Wirecard reported very good 2018 preliminary results – McCrum began a new series of articles on FT
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With all the added disclosure and transparency that was supposed to arrive with MIFID II, we...