ISR Capital's finger-pointing misses the point

IT almost never ends well when the Singapore Exchange cuts to the chase after pounding firms on its cross hair with a litany of questions on the trading of their shares and corporate transactions.

The regulator's persistent queries claimed one 'victim' three weeks ago - investment firm ISR Capital.

With thinning patience, the SGX chose a severe and unbeaten track (at least since its unprecedented move in 2013 amid the penny stock rout when it temporarily suspended trading in three counters) to suspend trading in ISR Capital shares under its trading rules with immediate effect on Nov 27.