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Showing 591 - 600 of 796 results for "fraud"

Market Wrap - Morning

AAP  |  FRIDAY, 16 JUL 2010
... markets as Wall Street traders examined the details of an overhaul of the US financial system and Goldman Sachs' settlement of fraud charges. At 0735 AEST on the Sydney Futures Exchange, the September share price index contract was eight points lower ...

GESB can manage tougher measures on capital reserves

MICHAEL HOBBS  |  FRIDAY, 9 JUL 2010
... is a good policy for fund members. "Far from disadvantaging members, an operational reserve protects them in instances of fraud, pricing error or system failure," she said. The super fund's asset consultant, Mercer Investment Consulting, also supported ...

NY firm defrauds billion dollar CDOs

RUTH LIEW  |  TUESDAY, 22 JUN 2010
... collateralised debt obligations. According to a press statement, the SEC alleged ICP Asset Management was involved in the CDO fraud by engaging in fraudulent practices and misrepresentations that saw the CDOs lose tens of millions of dollars. Thomas ...

US Commission subpoenas Goldman Sachs

RUTH LIEW  |  TUESDAY, 15 JUN 2010
... was a delay or lack of compliance during the investigation. "In creating the Financial Crisis Inquiry Commission under the Fraud Enforcement and Recovery Act of 2009, Congress granted the Commission the power to "require, by subpoena or otherwise, the ...

Progress fast tracks bank fraud alert

MICHELLE BALTAZAR  |  TUESDAY, 8 JUN 2010
... to monitor potential fraudulent activity in credit cards and other products. For example, once an agent within the bank's fraud department detects a pattern of fraud regarding credit card activity, they can use Progress' software to automatically suspend ...

KPMG challenges ASIC on Constitutional powers

ASIC RELEASE  |  THURSDAY, 20 MAY 2010
... and carry on a proceeding for a number of reasons. These reasons as cited in the Act include the recovery of damages for fraud, negligence, default, breach of duty or other misconduct, committed in connection with a matter to the investigation or examination. ...

Investment managers gain fraud insurance

MICHAEL HOBBS  |  FRIDAY, 7 MAY 2010
... services providers. Zurich Financial Services (Australia) launched two insurance options to the market today including the Fraud and Professional Liability Insurance for banks, credit unions and building societies. The product covers fraud and professional ...

APRA contacts funds on rollover fraud

MICHAEL HOBBS  |  THURSDAY, 6 MAY 2010
... Andrea Slattery, chief executive at SPAA, said creating a central national investigative authority where superannuation fraud information could be collected in the one division could help clamp down on these crimes. SPAA has also recommended tax file ...

Market Wrap - Morning

AAP  |  TUESDAY, 4 MAY 2010
... Monday's surge in the major stock indices came after a heavy sell-off on Friday as investors worried about the fallout from fraud charges against Goldman Sachs and an oil spill that reached land in Louisiana. When markets settled, the Dow Jones Industrial ...

Market Wrap - Morning

AAP  |  MONDAY, 3 MAY 2010
... higher at 4,833.8 points. NEW YORK - US stock markets closed lower on Friday as investors worried about the fallout from fraud charges against Goldman Sachs and an oil spill that has reached land in Louisiana. Concerns that criminal charges against Goldman ...