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Showing 131 - 140 of 140 results for "OMI"

Fraudulent advisers caught

RUTH LIEW  |  THURSDAY, 14 FEB 2008
Two Sydney men have been charged and found guilty by the Australian Securities and Investment Commissions (ASIC) for a combined 11 charges of fraud and delivering false financial advice. The two so called "advisers", Tunde Doja from Sydney and Mohammad ...

ASIC charges four over margin lending scam

HAMISH MADDEN  |  WEDNESDAY, 7 JUN 2006
Four people have been charged by the Australian Securities and Investments Commission (ASIC) regarding unlawful and misleading conduct which resulted in Sydney investors taking out and subsequently defaulting on Macquarie Bank Margin Lending loans. ...

Sydney insurance brokers to stand trial

HAMISH MADDEN  |  MONDAY, 15 MAY 2006
Two former insurance brokers from Sydney based Blundell & Associates will stand trial after the Australian Securities and Investments Commission (ASIC) brought charges relating to fraudulent behaviour. Paul Blundell and Richard Blundell will face a ...

Fincorp returns $21m to investors

Financial services watchdog ASIC has required finance company Fincorp to return up to $21 million plus interest to more than 1,000 investors of its 2004 prospectus, due to misleading and omitted information in the document. The Supreme Court of NSW ...

Tasplan Super reorganises its investment manager line up

Tasplan Super has completed its review of its domestic and overseas equities investment sectors and has subsequently rearranged its fund manager appointments. In regard to its investments in Australian equities the industry superannuation fund has added ...

HIH fall out continues

The Australian Prudential Regulation Authority (APRA) has barred another former HIH executive with Ross Eade being disqualified under the Insurance Act 1973 from holding a position or acting as a director or senior manager of a general insurer. Eade ...

Morningstar corrects HSBCAM numbers

Morningstar has issued another update on HSBC Asset Management after publishing performance figures last week that omitted to account for a distribution. The researcher's general outlook on the manager has remained unchanged - with the manager's strategy ...

Fincorp feels ASIC's displeasure

Financial watchdog ASIC has filed proceedings in the NSW Supreme Court against the heavily publicized Fincorp Investments. ASIC is alleging that Fincorp offered securities under a replacement prospectus, which contained misleading or deceptive statements ...

News Corp exit will not hurt ASX, says Humphry

AAP  |  MONDAY, 2 AUG 2004
The departure of News Corp from the Australian sharemarket would not have any long term adverse effects, Australian Stock Exchange chief executive Richard Humphry said on Sunday. Humphry said there had been comment that News Corp, which is joining the ...

ASIC orders Retireinvest to improve its disclosure standards

John Fernando The Australian Securities and Investments Commission (ASIC) today announced that it has obtained an assurance from Retireinvest, a licensed securities dealer, that it will improve its disclosure methods following concerns that its customers ...