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Showing 821 - 830 of 937 results for "Compensation"

PE firm pays NY fund $20m in compensation

MEDIA RELEASE  |  FRIDAY, 11 DEC 2009
David Leuschen, the founder of private equity firm Riverstone Holdings, has been ordered to pay US$20 million to the New York State Common Retirement Fund. US Attorney General Andrew M. Cuomo announced an agreement with Leuschen to resolve Leuschen's ...

ASIC presses on with Westpoint compensation

ASIC RELEASE  |  MONDAY, 30 NOV 2009
... and Bongiorno Financial Advisors (Aust). The settlement of proceedings is subject to the approval of the court. The compensation related to financial advice which recommended clients invest in York Street Mezzanine, a company within the failed Westpoint ...

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
... The Parliamentary Joint Committee (PJC) said the government should investigate launching a "last resort statutory compensation fund" to cover financial advice licensee failings. The committee received a number of submissions from the regulator and Financial ...

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 ...