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Showing 531 - 540 of 586 results for "CIV"

Pension fund head gets jail sentence

RUTH LIEW  |  WEDNESDAY, 4 NOV 2009
The former head of a Swiss teachers' pension fund has been sentenced to four years imprisonment after being convicted of a string of offences including fraud and embezzlement. UK-based publication online publication IPE.com reported Ignace Rey, the ...

PIS to pay $5.9m to Westpoint investors

ASIC RELEASE  |  MONDAY, 2 NOV 2009
The Federal Court of Australia has approved the settlement of an ASIC-initiated compensation claim to PIS clients who were advised to invest in failed Westpoint Group - ordering PIS to pay $5.9 million to these clients. The court approved a distribution ...

ASIC takes MFS Group to court

COMPANY RELEASE  |  MONDAY, 2 NOV 2009
The regulator has started civil proceedings against the former executives and officers of MFS Group and its three subsidiaries for alleged transactions that breached responsible entity laws. The Australian Securities and Investments Commission (ASIC) ...

Centro execs to face tough penalties

MICHAEL HOBBS  |  WEDNESDAY, 21 OCT 2009
The regulator has launched proceedings against the chair, chief executive, chief financial officer and five other directors of entities within Centro Properties Group and Centro Retail Group for misleading accounting practices. The action includes Brian ...

ASIC targets Brighton in Westpoint swoop

ASIC RELEASE  |  THURSDAY, 8 OCT 2009
ASIC has filed a court application to commence proceedings against Brighton Hall Securities as part of its latest Westpoint crackdown. ASIC announced yesterday that it had filed an application for leave in the Federal Court in Perth to commence proceedings ...

Future Fund guardian joins Coffey International

RUTH LIEW  |  FRIDAY, 25 SEP 2009
The former chief executive of Suncorp-Metway and guardian of the Future Fund Management Agency, John Mulcahy, has been appointed non-executive director at global consulting firm, Coffey International. Mulcahy starts work immediately at the ASX listed ...

RSL calls for super revamp

MICHAEL HOBBS  |  WEDNESDAY, 26 AUG 2009
The Returned Services League (RSL) is calling for the government to address how it calculates military pensions after an alternative pension index rose by almost double the consumer price index in the first half of this year. Bill Crews, national president ...

ASIC targets another MIS scheme

ASIC RELEASE  |  THURSDAY, 13 AUG 2009
ASIC has commenced civil proceedings to wind up and appoint a liquidator to Finchley Central Funds Management - the responsible entity of managed investment scheme, Finchley Development Capital Funds. ASIC is seeking orders from the Federal Court of ...

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
ASIC has welcomed yesterday's 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 ...

Avoid financial speculation: Pontiff

ALEX DUNNIN  |  WEDNESDAY, 22 JUL 2009
Pope Benedict XVI has put his weight behind fundamental long term investing and warned against speculative short-term investment in synthetic assets. In his latest encyclical " Caritas in Veritate ", Pope Benedict warned that "what should be avoided ...