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28.01.11

In the matter of OTC Network Limited

Mark Mullen appeared for the Secretary of State for Business, Innovation and Skills in the trial of a petition for the winding up in the public interest of OTC Network Limited, a company that offered to help members of the public sell shares bought through so-called “boiler rooms”. Sir William Blackburne held that the company had misrepresented its services and acted in breach of the general prohibition imposed by section 19 of the Financial Services and Markets Act 2000. He ordered that the company be wound up.

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