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Showing 611 - 620 of 670 results for "Penalty"

Market Wrap - Midday

AAP  |  TUESDAY, 12 OCT 2010
... senior adviser Stuart Smith was optimistic the market would improve throughout the day, however. "We're probably paying the penalty for being up 20-odd points yesterday, but I think we're just taking 24 paces back so we can having a running jump at 4,700," ...

Former liquidator face 19 ASIC charges

ELISE BURGESS  |  TUESDAY, 24 AUG 2010
... Falling under section 176A of the NSW Crimes Act, Ariff is facing 13 charges under this act which each carry a maximum penalty of 10 years imprisonment. Additionally, Ariff allegedly made false statements regarding receipts and payments associated with ...

Goldman Sachs pay $620m to settle SEC lawsuit

SEC RELEASE, BLOOMBERG  |  FRIDAY, 16 JUL 2010
Goldman Sachs & Co has paid the US regulator more than $620 million (US$550 million), the largest penalty ever levelled against a financial firm, for allegedly misleading investors regarding the deals behind its sub-prime mortgage product. Goldman Sachs ...

Saved by BP and Goldman

BENJAMIN ONG  |  FRIDAY, 16 JUL 2010
... fraud case. The SEC did after the closing bell. In settling the fraud charges, Goldman agreed to pay US$550 million as penalty and admit that its CDO marketing materials had "incomplete information." Reports say that the penalty was the largest ever ...

Opes Prime director faces 22 charges

ASIC RELEASE  |  MONDAY, 31 MAY 2010
... committal proceedings listed for 28 February 2011 and bail was extended for Smith and Blumberg. Each offence carries a maximum penalty of five years' imprisonment. The Commonwealth Director of Public Prosecutions is prosecuting the matter. On 27 March ...

Fundies caught in $5m heist

SFC RELEASE  |  TUESDAY, 4 MAY 2010
... day they made the short sales. In April this year, eight months since the injunction order, the regulator stepped up the penalty, seeking court orders to ban Tiger Asia and its executives Bill Sung Kook Hwang, Raymond Park and William Tomita from dealing ...

Cooper wants collectables banned from SMSFs

MICHAEL HOBBS  |  THURSDAY, 29 APR 2010
... businesses and SMSFs operate business real property very effectively," she said. Separately, the report said the existing penalty regime limits the ATO's ability to regulate effectively and believes the Office should be allowed to adopt a sliding scale ...

State Street settles suit for $340m

SEC RELEASE  |  MONDAY, 8 FEB 2010
... investors with largely illiquid holdings. Under the terms of the settlement, State Street agreed to pay a $58 million penalty, more than $9 million in disgorgement and prejudgment interest, and more than $293 million in additional payments to compensate ...

ASIC power boost could trigger witch-hunts

RUTH LIEW  |  FRIDAY, 29 JAN 2010
... profit made or loss avoided (whichever is greater) for those who breach market misconduct provisions. For corporations, the penalty will be the greater of $5,000,000, three times the profit made or loss avoided, or 10 per cent of the corporation's annual ...

Standard Life fined $4m for bad marketing

COMPANY RELEASE  |  MONDAY, 25 JAN 2010
... the FSA and agreed to settle at an early stage of the investigation, which granted them a 30 per cent discount in the penalty. "Throughout 2010 and beyond, the FSA will continue to take strong action when a firm's financial promotions fall short of the ...