Friday 9th June 2000
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Insider trading is seen as a problem by 83% of people who own shares, the latest National Business Review-Compaq poll has found.
Of the 31% of people who own shares, 59% rated insider trading as a minor problem and 24% rated it as a major problem.
Five per cent said it was not a problem.
Concern about insider trading ran high in Auckland and Wellington where 33% of share-owners said it was a major problem, compared with 20% in provincial New Zealand and 16% in Christchurch.
Despite the poor performance of the local equities market over the past few years the NBR-Compaq poll also revealed a wide ownership of shares in the general public compared with international levels.
The 31% level of direct share ownership compares with 26% in Canada, 32% in the booming US market and 41% in top-ranked Australia.
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