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Showing 801 - 810 of 914 results for "Compensation"

CalPERS champions placement agent reform

COMPANY RELEASE  |  MONDAY, 23 NOV 2009
... define placement agents as lobbyists and subject agents to certain regulations. These include the prohibition on compensation paid to placement agents that is contingent upon defeat, enactment, or outcome of any proposed investment action. Agents will ...

MMC pays $428 million in compensation

MEDIA RELEASE  |  MONDAY, 16 NOV 2009
... According to a press statement from Ohio Attorney General Richard Cordray, the lawsuit which was filed in 2004 sought compensation for investors who faced losses by Marsh's failure to disclose a scheme that generated earnings from illegal, anticompetitive ...

Opt out, bailed out

MICHELLE BALTAZAR AND RUTH LIEW  |  TUESDAY, 10 NOV 2009
... be defined by law as referring to professional advisers only. The associations also called for reforms on client compensation and planner remuneration.

PIS to pay $5.9m to Westpoint investors

ASIC RELEASE  |  MONDAY, 2 NOV 2009
The Federal Court of Australia has approved the settlement of an ASIC-initiated compensation claim to PIS clients who were advised to invest in failed Westpoint Group - ordering PIS to pay $5.9 million to these clients. The court approved a distribution ...

Market Wrap - Morning

AAP  |  FRIDAY, 23 OCT 2009
... Treasury Department ordered seven companies that received billions of dollars in government bailouts to halve total compensation for their top executives. At the close of trade, the Dow Jones Industrial Average was up 131.95 points, or 1.33 per cent ...

ASIC targets Brighton in Westpoint swoop

ASIC RELEASE  |  THURSDAY, 8 OCT 2009
... to entering into liquidation in September 2007. ASIC's proposed claim against Brighton Hall will seek to recover compensation in the order of $14 million. However, given Brighton Hall's liquidation, it is anticipated that the funds available to satisfy ...

PIS in Westpoint compensation deal

ASIC RELEASE  |  TUESDAY, 15 SEP 2009
... brought by the corporate watchdog in relation to failed Westpoint investments. The proceeding concerns a claim for compensation relating to financial advice given by PIS to clients to invest in the failed Westpoint Group of companies. The settlement ...

G-20 reasons to be hopeful

BENJAMIN ONG  |  MONDAY, 7 SEP 2009
... other contentious issues like the need to overhaul and set a global standard to bankers' pay structures - "to ensure compensation practices are aligned with long-term value creation and financial stability." Aligning capital requirements to risks activities. ...

Treasury profits down 57pc but positive outlook

MICHAEL HOBBS  |  FRIDAY, 28 AUG 2009
... group said it is managing expenses tightly, noting a 10 per cent fall in staff numbers and cuts to senior management compensation. At the same time, the group's boutiques added more investment staff to their ranks. Mike Fitzpatrick, chair at Treasury ...

Westpoint auditors get just desserts

ASIC RELEASE  |  TUESDAY, 18 AUG 2009
... legal actions including penalties against a variety of parties linked to the collapse. A global mediation of ASIC's compensation actions for the recovery of investor funds is currently underway. A separate action against KPMG, initiated by ASIC, seeks ...