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Showing 231 - 240 of 333 results for "Watchdog"

US manager charged with fraud

RUTH LIEW  |  WEDNESDAY, 19 JAN 2011
The US corporate watchdog has cracked down on a Long Island-based money manager for engaging in a fraudulent investment program, which cost investors $8 million in illicit commissions and fees. Warren Nadel, through his investment advisory firm Registered ...

Banc of America Securities charged with fraud

RUTH LIEW  |  MONDAY, 13 DEC 2010
US corporate watchdog SEC has charged Banc of America Securities with fraud for its part in an effort to rig bids relating to the investments of municipal securities. The bank has agreed to pay more than $36 million in disgorgement and interest to settle ...

ASIC takes legal action against Storm founders and banks

ASIC RELEASE  |  FRIDAY, 26 NOV 2010
Financial services watchdog ASIC is to take legal action against Storm Financial founders, Emmanuel and Julie Cassimatis, and against three banks, on behalf of investors affected by the company's collapse. ASIC will take legal action against the two ...

Net tightens around share trading: ASIC

RUTH LIEW  |  FRIDAY, 5 NOV 2010
The financial services watchdog, which yesterday released a consultation package on a new regulatory framework for the shares market, said it is "well-prepared" to start regulating multi-market activity, while boosting competition in equity exchange ...

ASIC tightens noose on managed inv schemes

JOHN MCDULING  |  FRIDAY, 8 OCT 2010
Australia's top financial watchdog has called for strict new requirements to protect investors in managed investment schemes, but the rules could end up hurting the very same people they aim to protect. In a recently released discussion paper, ASIC ...

Scammer targets AMP and AXA investors

RUTH LIEW  |  THURSDAY, 30 SEP 2010
... $1,589.68 for 641 AXA shares, which was $1,850 less than their market value of $3,448.58 at that time. Key to the government watchdog's concerns is that investors are receiving unsolicited offers at prices well below the shares' current price. "Many ...

SEC charges New Jersey with fraud

RUTH LIEW  |  FRIDAY, 27 AUG 2010
The US financial watchdog has cracked down on the state of New Jersey for securities fraud pertaining to fake municipal bond offerings and underfunding two of the state's largest pension funds. Mid this month, the Securities and Exchange Commission ...

Motor Finance Wizard withdraws interest-free loans

ASIC RELEASE  |  MONDAY, 2 AUG 2010
... According to the statement, ASIC acknowledged the cooperative and constructive approach taken by PRFG in responding to the watchdog's concerns.

Tide turns in industry vs retail fund performance

APRA RELEASE  |  THURSDAY, 10 JUN 2010
... with retail funds returning nearly 21 per cent over the year to March, ahead of industry funds' 16 per cent. Prudential watchdog APRA released its latest quarterly superannuation performance statistics this morning, reporting that total assets saved ...

Gunns freezes MIS offerings

RUTH LIEW  |  WEDNESDAY, 5 MAY 2010
... month aimed to improving disclosure to retail investors by responsible entities of agribusiness schemes. The corporate watchdog is proposing a benchmark-based disclosure model for unlisted agribusiness schemes, against which the responsible entities ...