Millions lost as ASIC swoops in on unregistered investment schemesWEDNESDAY, 13 OCT 2004 8:34AMMillions of dollars worth of investors' funds have been lost in unregistered investment schemes operated by unregistered foreign companies in Australia. |
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ASIC boasts $830m record civil penalties
|ASIC has scored a whopping $830 million in civil penalty orders in the last financial year alone, a Freedom of Information (FOI) request revealed.
Infinity AM wins SMID fund mandate
|Viridian Financial Group's Infinity Asset Management won a mandate to oversee a small to mid-capitalisation fund that was previously under the remit of Renaissance Asset Management.
New alternative investment firm lands in Sydney
|A pair of Remara directors, along with an iPartners private credit specialist, have joined forces to launch a new alternative investment firm, targeting an underserved segment across the private credit market.
New 'high-risk' derivatives on the rise
|An innovative financial product, known as perpetual futures contract (perps), are currently under the scope of the market regulator, spreading concerns that the "speculative" product may be unlawfully distributed towards retail investors.
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Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
