Balls leaps to defence of AIM markets
Defence comes after alternative markets labelled a 'casino' by US regulator
The City minister Ed Balls is to launch
a defence of London’s Alternative Investment Market today following criticism of
AIM’s light-touch regulatory regime by US regulators.
Earlier this month Securities
and Exchange Commission member, Roel
Campos, attacked the market, calling it a ‘casino’ and saying that it used
lower standards of regulation to promote itself, The Times reported.