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Showing 2441 - 2450 of 2961 results for "August 2010"

Broker gets permanent ban from ASIC

COMPANY RELEASE  |  THURSDAY, 25 JUN 2009
ASIC has permanently banned Mark William Clough from providing financial services after conducting business without an AFSL and pocketing $43,500 of his client's funds. This follows an ASIC investigation into Clough's dealings when he operated an insurance ...

Three FMs pull S&P property ratings

PRESS RELEASE  |  WEDNESDAY, 24 JUN 2009
AXA Australia, BlackRock and Tankstream Capital have dropped the Standard & Poor's rating on certain property funds. The funds were rated by Standard & Poor's between 2007 and mid 2008 but were placed 'on hold' in August last year when each fund suspended ...

CBA on Storm damage control

COMPANY RELEASE  |  THURSDAY, 18 JUN 2009
The Commonwealth Bank of Australia has suspended repayments for Storm Financial loan holders to the end of August and said it will pay for the cost of legal and financial advice for its affected customers. Ralph Norris, chief executive at Commonwealth ...

Insurance broker caught for fraud

ASIC RELEASE  |  MONDAY, 1 JUN 2009
Consumers, be warned. ASIC has caught one insurance broker selling insurance products but not passing on the fees to the insurer, which meant his clients didn't get the appropriate insurance cover. Stolen premiums, dodgy insurance - Anthony John Ryan ...

Sunsuper terminates $200m Everest mandate

RUTH LIEW  |  FRIDAY, 29 MAY 2009
Sunsuper has axed a $200 million alternative investments mandate with Everest Financial Group following a fall in the firm's funds under management and staff numbers. Everest, which has $1.1 billion in funds under management at the end of March, said ...

LUCRF goes live with Bluedoor

COMPANY RELEASE  |  THURSDAY, 28 MAY 2009
The $2 billion LUCRF Super has gone live with its new administration platform, Bluedoor. The fund managed to go live five days ahead of schedule on April 15, and now uses the platform that is provided by DST Global Solutions. "We are already experiencing ...

FX trader guilty of $360k fraud

ASIC RELEASE  |  TUESDAY, 12 MAY 2009
Brisbane-based resident Brett Tony Best has pleaded guilty to running an illegal managed investment scheme (MIS), which enabled him to dupe more than 200 south-east Queenslanders out of $360,000 in funds. Best, 39, pleaded guilty to one charge of dishonestly ...

Avoiding the black swan

MICHELLE BALTAZAR  |  MONDAY, 11 MAY 2009
In a world where major banks have passed the 'stress test' but not necessarily the smell test, investors should invest in portfolios that make small bets to gain big over the long term, said a fund manager who survived the '87 and '08 crash. Defying ...

Frontier hires analyst

PRESS RELEASE  |  FRIDAY, 24 APR 2009
Frontier Investment Consulting appointed Aaron Yew as analyst. Before joining Frontier Investment Consulting, Yew worked at management consulting firm, Strategic Project Partners and has also worked as an intern at Ernst & Young. "Aaron will join Frontier's ...

West Pymble adviser charged

ASIC RELEASE  |  WEDNESDAY, 22 APR 2009
The Supreme Court of New South Wales today sentenced Stephen Lewis Matthews of West Pymble, Sydney, to six months imprisonment for contempt of court. On 25 February 2009, Matthews was found guilty by Justice Barrett of contempt of court for breach of ...