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Market wrap

AAP  |  MONDAY, 6 JUN 2005
... points weaker at 4191 on a volume of 1,358 contracts. On the day Nylex hosts a general meeting while ANZ job ads and TD Securities releases its monthly inflation gauge. In the US stocks slid as investors worried about a faltering economy after weak jobs ...

Bill to fine-tune Choice passed

... an employer to move their employees' contributions to its fund by offering personal incentives, with the Australian Securities and Investment Commission (ASIC) to administer the provision. The bill ensured employers could not charge their workers to ...

Sanford Securities signs St.George for margin lending

... of preferred margin lending providers for IWL subsidiaries, the Australian Investment Exchange (AUSIEX) and Sanford Securities. Interest rate discounts and brokerage fee reductions will now be available to clients who trade through AUSIEX or Sanford ...

MacarthurCook expands investment portfolio

MacarthurCook Property Securities Fund (MPS) has expanded its investment portfolio; investing $9 million in unlisted funds managed by Australian Unity, Investa Group and Centro and has also increased its 2004/5 forecast earnings by 12 per cent. MPS ...

ASIC and APRA accept undertaking from AXA Australia staff plan

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking from the trustee of the AXA Australia Staff Superannuation Plan in relation to the calculation ...

Industry funds in talks with ASIC over ads

Industry Fund Services (IFS) is in the process of scheduling 'urgent discussions' with the Australian Securities Investments Commission (ASIC) following the regulator's demand to pull its industry fund advertisements late last week. ASIC has confirmed ...

Former NAB currency trader appears in court

... charge of obtaining a financial advantage by deception. The charges are the result of an investigation by the Australian Securities and Investments Commission (AISC) into the alleged unauthorised foreign exchange trading at NAB. It is alleged Bullen ...

Zurich gives ASIC and APRA enforceable undertaking

The Australian Securities and Investments Commission (AISC) and the Australian Prudential Regulation Authority (APRA) have both accepted an enforceable undertaking from Zurich Financial Services Australia (ZFSA) and its fully owned subsidiary Zurich ...

Auscoal suffers theft of $1.6 million

AAP  |  THURSDAY, 26 MAY 2005
... month. Auscoal chief executive John Hickey said the unknown fraudsters registered a business through the Australian Securities and Investments Commission (ASIC) with a name similar to one of Auscoal's former NSW trading names, Coalsuper. After the cheques ...

Dow Jones launches LPT index

Dow Jones has launched an Australian listed property trust (LPT) index to track LPT securities with the Sydney Futures Exchange (SFE) set to offer a derivative product based on the index. The index moves into a space previously occupied solely by the ...