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Showing 11 - 20 of 53 results for "Opes Prime"

Market Wrap - Morning

AAP  |  WEDNESDAY, 7 APR 2010
... Clyne addresses an Australia-Israel Chamber of Commerce luncheon in Melbourne, and the case involving failed broker Opes Prime is listed in the Supreme Court, also in Melbourne. In Australia on Tuesday, the share market closed higher on stronger energy ...

Hartsuyker takes aim at govt reviews

MICHAEL HOBBS  |  FRIDAY, 5 FEB 2010
... "Strengthening the trust lost in financial advisers as a result of investment fund collapses such as Storm Financial and Opes Prime is an important facet in providing investors with confidence," he said. But he did not support the report's recommendation ...

LKM directors blocked from leaving Oz

ASIC RELEASE  |  WEDNESDAY, 27 JAN 2010
... Limited). LKM joins a growing list of financial services providers that have failed their investors namely Astarra, Opes Prime and Westpoint.

Ripoll heats up sales or advice debate

RUTH LIEW  |  TUESDAY, 24 NOV 2009
... fee arrangements, than to cause the sort of catastrophic outcomes described earlier in this report [such as Storm and Opes Prime]."

Lessons learned from Opes Prime

RUTH LIEW  |  TUESDAY, 24 NOV 2009
... retail investors to ineffective disclosure, the Ripoll Inquiry has investigated the factors that fuelled the failure of Opes Prime - and outlined what needs to be done to prevent future disasters. One of the biggest triggers of the Opes Prime debacle ...

How to survive the next market outlier

MICHELLE BALTAZAR  |  THURSDAY, 3 SEP 2009
... year, there were one too many cases of investors breaking not one but both rules "simultaneously", as was the case with Opes Prime, Westpoint and, the mother of all financial fraud in recent history, Madoff's feeder funds. That's why it's prime time ...

Ripoll Inquiry must build on FSR progress: AFA

RUTH LIEW  |  THURSDAY, 6 AUG 2009
Investigating the collapses of Storm and Opes Prime could help improve Australia's financial advice system - but any radical changes to current FSR arrangements could chime the death knell of good financial advice, warns a key industry association. ...

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
... court approval of the creditors Schemes of Arrangement that will oblige ANZ and Merrill Lynch to pay $226 million to Opes Prime clients. According to a media statement by ASIC, the schemes oblige ANZ and Merrill Lynch to pay $226 million to the Opes ...

PI insurers face $300m in claims

RUTH LIEW  |  THURSDAY, 30 JUL 2009
... to three years - stemming primarily from advisers linked with collapsed firms such as Westpoint, Storm Financial and Opes Prime. "We've got about five underwriters who are willing to insure this market," she said. "Those who are holding Storm Financial... ...

Market Wrap - Morning

AAP  |  FRIDAY, 24 JUL 2009
... Ltd, in Singapore, Australian Mines Ltd and Proto Resources & Investments Ltd. Creditors of failed stocklending firm Opes Prime will meet to consider whether to accept a $253 million settlement of their claims from Opes Prime's bankers. On Thursday ...