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Showing 551 - 560 of 587 results for "CIV"

US investors receive $312m from Fair Fund

ALEX DUNNIN  |  WEDNESDAY, 8 AUG 2007
Another week, another compensation resolution for US investors. This time the Securities and Exchange Commission (SEC) is about to distribute $312 million through the Fair Fund created as part of the settlements with Qwest Communications International ...

Planners should not face criminal charges: FPA

HAMISH MADDEN  |  MONDAY, 4 JUN 2007
The Financial Planning Association (FPA) is arguing for the removal of criminal sanctions for advisers who fail to provide disclosure to clients, claiming the current regime is "excessive, unjust and contributes to fear and uncertainty". In a submission ...

ASIC and Citigroup lock horns on insider trading

The Australian Securities and Investments Commission (ASIC) has filed civil penalty proceedings in the Federal Court against Citigroup Global Markets Australia in a landmark case on alleged insider trading activities. Back in August 2005, Citigroup ...

ACT Super to review investment in tobacco and nukes

NICK OLIVER  |  MONDAY, 22 JAN 2007
The ACT Government superannuation fund has investments in tobacco firms, arms manufacturers, uranium producers and the gambling industry, it has been revealed. A list of stocks that the government super fund holds that was released by ACT Treasury revealed ...

Not on our watch: ASIC

In the 12 months to June 2006, the Australian Securities and Investments Commission (ASIC) has recorded a 34 per cent increase in action against illegal investment schemes, 90 per cent more civil orders against professional misconduct and enforcement ...

SEC hits fraudulent insurer with $790m penalty

The Securities and Exchange Commission (SEC), the US equivalent to Australia's financial services regulator the Australian Securities and Investments Commission (ASIC), has ordered life insurer Prudential Equity Group (PEG) to pay $790 million (US$600 ...

Investors get money back from failed mortgage scheme

HAMISH MADDEN  |  WEDNESDAY, 31 MAY 2006
Thirty-seven Queensland investors have recovered money invested in a failed solicitor's mortgage scheme which the Federal Court found negligently and deliberately misled them. Led by the Australian Securities and Investments Commission (ASIC), the class ...

ASIC clarifies its powers

On the back of the shadow shopping results, the Australian Securities and Investments Commission (ASIC) has issued a guide to the financial services industry and consumers clarifying its role and powers. The guide details the range of actions available ...

ASIC pursues Citigroup for alleged insider trading

The Australian Securities and Investments Commission (ASIC) has made serious allegations that Citigroup Global Markets Australia has engaged in substantial insider trading activity. ASIC filed a civil proceeding in the Federal Court against Citigroup ...

Daily economic update

The US trade deficit narrowed to US$64.2 billion in November, from US$68.1 billion in the previous month, and was better than the expected US$66.1 billion. While the narrower trade gap is welcome, it remains the third highest deficit on record. US exports ...