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Episode details

Radio 4,27 Sep 2016,38 mins

Little Brother's Big Secrets

File on 4 Investigates

Available for over a year

Valued at £80 billion, the UK's junior stock market is hyped as the most successful growth market in the world. Government incentives - including stamp duty and inheritance tax breaks - mean that more ordinary UK investors are opting for the Alternative Investment Market (AIM). Set up in 1995 to allow smaller companies to raise funds, AIM is a less-regulated alternative to its big brother, the main London Stock Exchange. But it is no stranger to controversy. Once labelled a "casino" by a senior US regulator due to its lax regulation, the market has been hit by a series of recent high profile scandals. File on Four asks if this light-touch regulation poses a hidden risk for shareholders and if unscrupulous businesses are exploiting AIM to rip off ordinary British investors? Producer: Alys Harte Reporter: Simon Cox.

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