Market discipline - less talk, more action needed
HOW widespread is price rigging, manipulation and insider trading in the local stock market? It depends on who you ask.
At one extreme is the view that "everything is fixed", ie, there's lots going on every day as parties with vested interests in various stocks or indices indulge in price fixing, price setting, manipulation or whatever verb you might think is appropriate to describe such activities.
At the other extreme is the view that regulators simply do not have the time or resources to police every single contravention of the rules, so as long as transgressions are kept to an acceptable minimum, things should be allowed to proceed as per normal. This is a pragmatic view of the issue and it holds a lot of validity since regulators cannot realistically investigate every single odd occurrence in the market.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Paramount replaces CEO with trio as it talks merger with Skydance
MicroStrategy posts loss on impairment charge, revenue declines
JPMorgan looks to fend off Goldman and other private credit for US$1 billion
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation