A spat between the London Stock Exchange and the US Securities and Exchange Commission loomed on Thursday after an SEC commissioner, Roel Campos, described London’s junior Aim market as a casino and claimed 30 per cent of all new listings on it were “gone within a year”.
The LSE hit back, declaring Mr Campos’s reported failure rate an exaggeration by a factor of about 10 and hinted that jealousy over Aim’s success in attracting US listings lay behind his comments.
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