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Showing 2731 - 2740 of 3270 results for "January 29"

AUSTRAC to probe anti-money laundering breaches

MICHAEL HOBBS  |  THURSDAY, 2 JUL 2009
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has accepted enforceable undertakings from Barclays Bank PLC and Mega International Commercial Bank Co for breaching anti-money laundering and counter terrorism laws. An AUSTRAC statement ...

Market Wrap - Morning

AAP  |  THURSDAY, 2 JUL 2009
The Australian sharemarket is expected to open higher after Wall Street rose on positive economic data and commodity prices strengthened. At 0710 AEST on the Sydney Futures Exchange, the September share price index contract was 16 points higher at 3,877. ...

Asset Super completes intl mandates review

RUTH LIEW  |  MONDAY, 15 JUN 2009
Asset Super has made sweeping changes to its international equities and bonds mandates, dropping seven out of eight international equities fund managers and appointing nine new mandates across both asset classes. Asset Super has discontinued mandates ...

Integrity and Bennelong win HIP mandates

MICHAEL HOBBS  |  MONDAY, 15 JUN 2009
Health Industry Plan (HIP) superannuation is redirecting cash flow to Australian equities, awarding investment mandates to Integrity Investment Management and Bennelong Funds Management. Ross Bernays, chief executive at HIP, said the firm reviewed its ...

Market Wrap - Morning

AAP  |  THURSDAY, 11 JUN 2009
The Australian share market is expected to open little changed as the negative sentiment following falls in US stocks are offset by the positive sentiment generated by gains in the oil price. At 0743 AEST on the Sydney Futures Exchange, the June share ...

Treasury boutiques gain inflows

MICHAEL HOBBS  |  FRIDAY, 5 JUN 2009
Treasury Asia Asset Management (TAAM), RARE Infrastructure and Orion Asset Management have received inflows in the past month after a seven-month dry spell, suggesting some instos are dripfeeding capital back into boutiques. "Clients were frozen for ...

Legg Mason shuts down defensive trust

RUTH LIEW  |  WEDNESDAY, 27 MAY 2009
Legg Mason has closed its wholesale defensive trust, citing its FUM of less than $10 million made it impractical to continue offering the product. According to a May update of the fund, which has $9.5 million in funds under management, the fund manager ...

CMC continues broking push

MICHELLE BALTAZAR  |  MONDAY, 25 MAY 2009
CFD provider CMC Markets ploughs more resources into its stockbroking arm as ongoing consolidation and tighter capital adequacy rules imposed on smaller brokers open up more opportunities in the sector. Traditionally catering for Contracts for Difference ...

Planners face higher PI fees

MICHAEL HOBBS  |  WEDNESDAY, 20 MAY 2009
The Australian Securities and Investments Commission's (ASIC) dispute resolution scheme overhaul means financial planners may be forced to pay higher professional indemnity premiums and their clients could face higher fees. The new rules mean that from ...

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 ...