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Showing 191 - 200 of 6312 results for "securities"

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... on the other bonds enabled the fund to make a small overall gain on Credit Suisse," an investor note read. In March, securities watchdog ASIC made an interim stop order that prevented CVC from offering or distributing CVC Notes 2 because of deficiencies ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... Challenger will sell its Australian real estate business to Elanor for $42 million, which will be received in new Elanor securities. Upon completion, Challenger's holding in Elanor is expected to represent 18% of Elanor securities on issue. Meanwhile ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... consumer loans (8.7%), credit cards (7.6%), superannuation account administration (4.7%) and derivatives or hedging securities (3.3%). As at April 1, there were 53 financial firms deemed insolvent garnering 4886 complaints. AFCA estimates that the combined ...

UniSuper awards private debt mandate to Revolution AM

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... income from senior secured loans, prioritising relative value across corporate leveraged loans, private asset backed securities, and real estate. Revolution Asset Management chief investment officer Bob Sahota highlighted the importance of private debt ...

Former Shaw and Partners adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... 2015 and 2021, Ridgway recommended clients invest in a range of international unlisted shares sourced by McFaddens Securities, a Sydney-based firm with connections to the UK. The shares included pre-IPO companies like Steppes Alternative Asset Management ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... Federal Deposit Insurance Corporation recently announced that it retained BlackRock Financial Market Advisory to sell the securities of the two collapsed banks. Signature Bank has about US$27 billion while SVB has US$87 billion in securities comprising ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... Javice, who had been brought on as head of student solutions, was terminated by JPMorgan in November 2022. Overnight, the Securities and Exchange Commission charged Javice with fraud, specifically violating the antifraud provisions of the Securities ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... Court has determined that four current and former directors of the now defunct Linchpin Capital Group and Endeavour Securities breached their duties and didn't serve investors' best interests. The court found that, between 2015 and 2018, Ian ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... among retail investors magnifies the impact suitability issues, fraudulent platforms and scams. Traditional risks in securities markets, including counterparty risk, settlement risk, liquidity risk, and fraud and loss of investor funds, extend to the ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
The corporate and securities watchdog has commenced an investigation into the ASX's botched CHESS replacement program. The ASX, its subsidiaries ASX Clear and ASX Settlement, and responsible directors and officers are under scrutiny for their role ...