What's success of minimum trading price initiative?

The job of educating retail investors lies with the Securities Investors Association of Singapore (Sias) and not the Society of Remisiers (Singapore) ("Remisiers can steer investors away from dodgy IPOs" by Mr Vincent Khoo Teng Lau; June 17).

As for discussions on the minimum trading price (MTP) initiative, the Singapore Exchange (SGX) should be more careful in selecting candidates for listing on the local bourse, rather than rely on the principle of "caveat emptor".

It would be interesting to know the views of both Sias and the SGX on the success of the MTP, now that several listed companies have consolidated their shares to comply with this initiative.

Natarajan A.