Access points finger at NZX
The collapse of Access Brokerage has sparked a vicious dispute over stockmarket regulation between the firm's owner and the New Zealand Stock Exchange (NZX).
Wednesday, September 8th 2004, 7:36AM
by The Landlord
Speaking to the Business Herald yesterday, Access' 90 per cent-plus owner Bill Garlick suggested NZX bore some responsibility for the failure."One has to look at whether the regulator fulfilled its obligations in Access' case," he said.
His arguments were strongly rebuffed as "out of line" by NZX chief executive Mark Weldon.
"Mr Garlick is blatantly attempting to shift the focus away from himself, the firm he was associated with and the clients who have lost money," he said.
Read More - Opens in a new window
| « Building consents plummet | New tax requirements for NZ-based foreign trusts » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
