PracticeAuditBalls leaps to defence of AIM markets

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.

Further reading:

Rival to AIM hits London

AIM branded a ‘casino’ by US regulator

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