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Showing 1411 - 1420 of 1614 results for "Investigation"

Product complexity blamed for systemic errors

WWW.THESHEET.COM  |  TUESDAY, 10 OCT 2006
Complex product packages of the kind that have become increasingly common in retail banking are a major cause of systemic problems in the banking system, according to the Banking and Financial Services Ombudsman (BFSO). The BFSO issued a report last ...

Adviser faces charges of pilfering $1.3m

HAMISH MADDEN  |  FRIDAY, 6 OCT 2006
... charges of theft and dishonesty brought about following an Australian Securities and Investments Commission (ASIC) investigation. At the time of the alleged offences between July 1998 and November 2005 Leech was employed as a financial adviser with Kyneton ...

Daily economic round-up

PETER BELL  |  FRIDAY, 29 SEP 2006
... reached in January of 2004. The sacking and official detention of Shanghai powerbroker Chen Luangyu in relation to an investigation of a multi-million dollar loss on social security has marked a another milestone in the fight against the growing problem ...

Super roll-over promoter to serve time

HAMISH MADDEN  |  MONDAY, 25 SEP 2006
... house. On these charges Ferrantino was sentenced to two years in prison suspended after five months. Following an investigation by the Australian Securities and Investments Commission (ASIC), it was alleged that Ferrantino had advised clients that their ...

Advice scam nets accountant 8 years inside

HAMISH MADDEN  |  TUESDAY, 19 SEP 2006
... 2003. Walters was arrested in Hobart in April 2003 after an Australian Securities and Investments Commission (ASIC) investigation. He was permanently banned from giving financial advice in September 2004. A Dutch citizen who arrived in Australia in June ...

Another HIH exec faces the music

HAMISH MADDEN  |  THURSDAY, 7 SEP 2006
... Centre Local Court to face four charges brought after an Australian Securities and Investments Commission (ASIC) investigation into the circumstances of the collapse, which has so far seen company executives Ray Williams, Rodney Adler and Brad Cooper ...

Financial mentor to be wound up

HAMISH MADDEN  |  THURSDAY, 31 AUG 2006
... Investments Pty Ltd, Baynoosa Pty Ltd, Lenlil Pty Ltd, Baylink Investments Pty Ltd and Nimshay Holdings Pty Ltd. The ASIC investigation found that a number of people had paid significant "mentoring fees" to Carr for financial and personal development ...

Jailed super fraudsters forfeit nearly $6m

HAMISH MADDEN  |  WEDNESDAY, 30 AUG 2006
... millions of dollars in holdings and assets. Following an Australian Securities and Investments Commission (ASIC) investigation into the early release of superannuation scheme, Andre Michalik and his son, Martin Michalik, were arrested at Perth International ...

SEC hits fraudulent insurer with $790m penalty

... and shareholders. However, their fraudulent behaviour finally caught up with them after the regulator started an investigation in 2003 which culminated in the US$600 million settlement, the largest ever settlement to be paid by a company in the US to ...

Scam targets ethnic community

HAMISH MADDEN  |  FRIDAY, 25 AUG 2006
The Australian Securities and Investments Commission (ASIC) has warned investors to be wary of investment schemes targeted at specific communities after it acted to shut down a scam targeting the Australian Chinese community. ASIC investigations uncovered ...