The Alternative Stock Market (aka the MAB) finally suspended trading on the Spanish technology company Gowex on Thursday, but it was too late and the damage was done. Protecting investors requires quick action, and the MAB's tardy response when Gowex stocks started to plummet is raising some questions. Plus, there is some confusion around whether the CNMV is obligated to take action against the MAB's inaction.
Elvira Rodríguez, the CNMV's president, is thinking hard about this question. She knows that she shouldn't intervene in this issue, because no national stock market regulator has oversight over alternative stock markets. However, the question remains: who will protect the small investors who trade on the MAB?
