EN
NewConnect – Alternative Investment Market – as a young alternative trading system is exposed to many risks of operation. In 2011, probably most shocking event occurred – declared in a different European country company’s debut. This has exposed the weakness of the market and caused a number of changes to secure the investors and all market participants. Article details the history of bankruptcy of Avtech Aviation & Engineering. It also shows solutions introduced by the NewConnect market organizer – WSE at middle of 2012, namely to introduce the next stage of market segmentation. Article describes the new segments of market – HLR and SHLR – and sanctions that can be used for unscrupulous issuers.