Aim Small wonder

Aim, the London Stock Exchange’s market for small, fast-growing companies, really seems to get up some people’s noses in the US. Roel Campos, an SEC commissioner, is the latest to lash out, calling Aim a «casino» with an extraordinary failure rate of 30%. He follows NYSE boss John Thain, who complained in January that Aim didn’t share the US’s tough corporate governance standards for exchanges. Campos’s words may have backfired because he got his facts wrong. Only 3% of Aim companies fail each ...