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Showing 121 - 130 of 140 results for "OMI"

America's Eyjafjallajokull

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2010
While Eyjafjallajokull continues to spew ash, there may be a heavier fall-out when Goldman Sach's volcano explodes. Wall Street rose last night as companies reported better than expected earnings results. And guess which one stood out? Goldman Sachs! ...

Goldman Sachs accused of fraud

SEC RELEASE  |  MONDAY, 19 APR 2010
The Securities and Exchange Commission (SEC) has charged Goldman Sachs and one of its vice presidents for fraud relating to subprime mortgages. The SEC is charging Goldman Sachs for defrauding investors by mis-stating and omitting key facts about a ...

Property developer gets jail sentence

ASIC RELEASE  |  WEDNESDAY, 10 FEB 2010
Former property developer and mortgage broker, Samuel David Saunders, was sentenced two years and three months imprisonment with a non-parole period of 12 months after pleading guilty to seven ASIC charges. Saunders of Orange, New South Wales, was sentenced ...

Sweet and sour

BENJAMIN ONG  |  FRIDAY, 21 AUG 2009
Shanghaied! This is what those "nervy nellies" might be feeling after seeing Chinese equities rebound more sharply just as fast and by more as it has fallen. China's Shanghai Composite Index jumped by 4.5 per cent yesterday (sweet), erasing the previous ...

Broker swindled investor funds

RUTH LIEW  |  THURSDAY, 4 JUN 2009
A former mortgage broker has been charged with fraud after failing to invest $123,000 from a private investor. Adrian Camilleri, who used to work as a mortgage broker and director for Asset Finance Service, was found guilty yesterday on one count of ...

The Ides of March

BENJAMIN ONG  |  TUESDAY, 3 MAR 2009
In the Roman calendar, the ides of March refers to the 15th day of the month of March. It was a festive day celebrating the Mars, the god of war. In modern times it has taken on an ominous sense ever since Julius Caesar's assassination on this date ...

Climate change funds tick all the boxes

ALEX DUNNIN  |  WEDNESDAY, 17 SEP 2008
Dow Jones' decision to remove AGL from its Sustainability World Index (DJSWI) illustrates the overlap that now exists between infrastructure investments, traditional and alternative energy and sustainable investments. AGL was recently removed from the ...

Stagflation policy conundrum

BENJAMIN ONG  |  FRIDAY, 12 SEP 2008
Desperate times need desperate measures. The Reserve Bank of New Zealand (RBNZ) announced a surprise 50 basis point reduction in its benchmark interest rate as the domestic economy looks increasingly headed for a recession. With recession staring the ...

Unlicensed adviser charged

MICHAEL HOBBS  |  MONDAY, 4 AUG 2008
New South Wales based Manouchehr Tivay was convicted of providing financial services without a licence and placed on a two year good behaviour bond after an Australian Securities and Investment Commission (ASIC) investigation. Tivay was convicted in ...

Adviser gets community service

RUTH LIEW  |  MONDAY, 14 APR 2008
A former Progressive Investment Securities financial adviser has been sentenced to 250 hours community service for giving unlawful advice. Mohammad Zareei of Baulkham Hills, New South Wales, was sentenced by the Sydney District Court to 250 hours community ...