SEC seeks to shut down $450m Ponzi schemeBY JAMIE WILLIAMSON | THURSDAY, 15 AUG 2024 12:54PMThe US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. Related News |
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The corporate regulator received nearly 2000 tip offs from whistleblowers in the last financial year, a whopping 183% jump annually, the majority of which relate to corporate and governance issues.
Platinum awards mandate, changes fund name
Platinum Asset Management has awarded a mandate to a US-based investment manager to oversee investment capabilities in a 20-year-old fund, simultaneously altering the name to reflect the update.
Workplace mental ill-health can cost Australia $27bn: Report
Workplace mental health issues are directly costing the Australian economy $12 billion per annum in lost gross domestic product (GDP), with the cost set to rise by more than 125% over the next 15 years in excess of $27 billion a year.
ASX turns up heat on Clime Capital following KPMG scrutiny
The ASX has also raised concerns over Clime Capital's valuation of its unlisted assets portfolio and the qualified opinion that was eventually handed down by its auditor KPMG.
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Featured Profile
David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
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