Shareholders worried about insider trading

Friday 9th June 2000

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.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
NZ dollar rises on Brexit hopes, rate cut reassessment
Three not failing, just needs a new owner - MediaWorks CEO
Major investors back new CBL class action targeting directors
Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite