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Showing 11 - 20 of 80 results for "Gamble"

Presidents don't move markets much: S&P

ELIZABETH MCARTHUR  |  FRIDAY, 21 AUG 2020
... best-performing sector was financials and the worst-performing sector was utilities. The difference between the two was 19.34%. The gamble investors took on financials in 2016 could be seen to be correctly identifying who would win the presidential election ...

Men gamble ERS payment away: Research

ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
New data released by illion and AlphaBeta (part of Accenture) shows that there are vast differences in how early release of super payments are being spent between the genders. While women who access their super early are more likely to spend on essential ...

Former financial adviser permanently banned

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... the former adviser use around $5 million of client funds to prop up his own business, pay off his credit card debts and gamble. His clients trusted him with the operation of their self-managed superannuation funds, and in some cases, Gibbs had almost ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
ASIC has commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default ...

CBA in court over RC case studies

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
ASIC has commenced proceedings against Commonwealth Bank over the AgriAdvantage Plus Package and credit services provided to problem gamblers. Both cases were Royal Commission case studies and are being pursued by the regulator in the Federal Court. ...

Former Toys "R" Us executives face fraud charges

ALLY SELBY  |  MONDAY, 16 MAR 2020
... argues that in making this financing strategy, directors of the toy company abdicated their fiduciary duties in a "selfish gamble" that cost Toys "R" Us more than US$500 million. The case was filed with the New York Supreme Court against defendants David ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... accounts to the tune of $204,000. He used the loans to stave off bankruptcy, pay his children's private school fees and gamble. ASIC said the worst of the offences happened between April 2012 and September 2018. At the time, Michael was an authorised ...

Former financial adviser jailed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... former financial adviser who used $5 million in client funds to prop up his own business, pay off his credit cards and gamble has been jailed. James Gibbs was convicted of theft and dishonesty offences committed when he was director of James Gibbs Investments. ...

Global wealth manager champions embattled digital currencies

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JAN 2018
... wealth management firms will introduce a cryptocurrency app, despite recent price slumps and having labelled it "a major gamble". deVere Group announced the launch of deVere Crypto which will allow users to store, transfer and exchange five major cryptocurrencies ...

Former Perpetual manager moves to advice firm

EMMA RAPAPORT  |  WEDNESDAY, 10 JAN 2018
... former Perpetual national practice development manager has accepted a position at a regional financial advice firm. Lisa Gamble recently joined Newcastle-based Infinity Wealth and Financial Services as the firm's business manager, with oversight for ...