NZ links to insider trading case highlight pitfalls of ease in setting up a company

Tue, 23 Oct 2012

By Pam Graham Oct. 23 (BusinessDesk) – The downside of New Zealand being an easy place to do business has been highlighted again after an international company with links to Central Asia was accused in the US of insider trading. New Zealand-registered Ergoport Experts Ltd is accused by the US Securities and Exchange Commission of carrying out US$5.3 million of illegal trades in Tyco International, InterMune Inc and Global Industries through accounts held at Latvia-based JSC Baltic International Bank, according to Bloomberg News. The embarras...

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