Unlisted rejects 'Russian roulette' criticism from Shareholders' Assn

Wed, 10 Jun 2015

By Tina Morrison June 10 (BusinessDesk) - Unlisted, the New Zealand share trading platform, rejects criticism from the New Zealand Shareholders' Association that investing on its platform is akin to playing 'Russian roulette'. Wellington-based Efficient Market Services, which operates Unlisted, is seeking support from interested parties such as the NZSA for its application to be exempted from being a licensed market under a stricter set of rules which came into force under the Financial Markets Conduct Act in December. However NZSA cha...

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