Demolishing the NZX one brick at a time

Cactus Kate has issued a demolition of the farce that the NZX is an open and honest regulator. Rather she opined it appears to be hopeesly compromised by its insistance of playing the markets it is actually supposed to regulate.

It is very difficult to see how Mark Weldon could credibly rebutt Cactus’ arguments. More likely he will attack her anonymity.

Sensible countries already do this and their Securities Commissions have teeth that they can and do use to bite.

I think it may well be time for the Securities Commission to take the regulartory functions of the NZX off them, forcibly. If Telecom should have been broken up for its market dominance then so too should the NZX.

Right now the cats are in charge of the canaries.

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