Government powerless over NZX handling of index rankings

Commerce Minister Simon Power is keeping his thoughts on the stock exchange's handling of the Allied Farmers' affair to himself, but underneath he must be fuming.Yesterday the Securities Commission confirmed it had opened an investigation into trading of Allied Farmers shares following a decision by the New Zealand Exchange (NZX) to inform only a select few that the finance company was to be included in the top 50 index.
 

Want to read more?

Choose a Subscription type that's right for you HERE
Already have an account? Login