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 |
Editor's Choice
Perpetual receives fresh KKR bid
|Perpetual said it has received a revised takeover bid from KKR after the acquisition hit a tax snag.
Iress creates dedicated customer role
|Iress has created a new position to strengthen its advice technology offerings, hiring the head of Count Financial.
Economist calls for 35bps rate cut
|Experts and the market are anticipating the Reserve Bank will deliver an interest rate cut tomorrow, but some want to see a bigger one than expected.
Fiducian FUMAA swell to $14.4bn
|Fiducian Group reported an 11% increase in funds under management, administration, and advice (FUMAA) to $14.4 billion thanks to improved inflows and the steady rise of the financial markets.
Products
Featured Profile

Jelena Stevanovic
CHIEF EXECUTIVE OFFICER
PLATYPUS ASSET MANAGEMENT HOLDINGS PTY LTD
PLATYPUS ASSET MANAGEMENT HOLDINGS PTY LTD
As the new chief executive of Platypus Asset Management, Jelena Stevanovic hopes to continue the fund manager's long tradition of outperformance with patience and by fostering meaningful relationships with clients and staff. Karren Vergara writes.