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Showing 561 - 570 of 809 results for "Fraud"

Former financial adviser gets three years jail time

CLAIRE MCGREAL  |  MONDAY, 7 NOV 2011
A former Sydney financial adviser has been jailed for three years on six fraud charges. Alan Leslie Brown of Lugarno pleaded guilty in May to one count of obtaining money by deception, one count of using a false instrument and four counts of dishonest ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  FRIDAY, 4 NOV 2011
... $55 million in financial assistance to over 5,000 members of the Trio superannuation entities due to the loss of funds to fraud or theft. The APRA Trio investigation continues.

ASFA gets behind phoenix reforms

RACHEL DAVIS  |  MONDAY, 31 OCT 2011
The Association of Superannuation Funds of Australia has welcomed proposed legislation to hold directors of phoenix companies liable for any unpaid superannuation entitlements. On 13 October 2011, the Government presented a bill aimed at amending the ...

UBS CEO resigns over rogue trading scandal

RACHEL DAVIS  |  MONDAY, 26 SEP 2011
... The announcement comes only nine days after the arrest of Kweku Adoboli, the UBS 'rogue' trader accused of $2.36 billion fraud. The trading loss, the largest of its kind by a London based trader, equates to approximately the same amount the Swiss bank ...

UBS $2bn rogue trader in custody

RACHEL DAVIS  |  FRIDAY, 16 SEP 2011
A 31-year-old UBS trader has been arrested in London on suspicion of fraud by abuse of position, resulting in a US$2 billion loss for the Swiss bank. The news, breaking three years to the day after the collapse of Lehman Brothers, has put UBS trading ...

APRA drafts new super guidelines

ELISE BURGESS  |  TUESDAY, 13 SEP 2011
... specified compassionate grounds and industry guidelines on handling the risks of illegal early release and identity theft or fraud. APRA said guidance needed to be updated after a high level of legislative changes introduced since the previous issue ...

Market Wrap - Morning

AAP  |  MONDAY, 12 SEP 2011
US stocks plunged on Friday, with the Dow Jones Industrial Average sliding more than 300 points, as global stock markets were stung by fresh anxiety in the eurozone over Greece's bailout. The Dow fell 303.68 points (2.69 per cent) to close at 10,992.13. ...

Fraud firm masquerades as financial advisors: ASIC alert

ALISON BEVEGE  |  THURSDAY, 18 AUG 2011
The Australian Securities and Investment Commission (ASIC) has issued a warning on a fraudulent financial advisory firm. ASIC has shut down Frontline Financial Planning's website which posted the Australian company number and Australian financial services ...

Large super funds 'obstruct' withdrawals

ALISON BEVEGE  |  THURSDAY, 11 AUG 2011
... Superannuation Funds of Australia rejected the notion, saying funds were just being careful with member funds to protect them from fraud. "The area where the most identity theft has occurred... is where money is rolled into an SMSF set up for improper ...

SPAA calls for fraud net to be cast wider

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
... super funds, unable to access compensation. The last resort compensation scheme that applies to APRA regulated funds on fraud and theft, should be extended to cover all investors with product providers subject to the scheme too, said SPAA. "We understand ...