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ASIC cracks down on investment guru

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... David Koch, Jamie Durie and Scott Cam - according to the DG Institute website. Grubisa has more than 20,000 followers on Facebook. Many of Grubisa's educational programs cost thousands of dollars. For example, the total for the Master Wealth Control ...

More members monitoring superannuation

KARREN VERGARA  |  MONDAY, 3 MAY 2021
... information and guidance among young Australians, with 13% aged between 18 and 34 regularly using platforms such as TikTok, Facebook and Instagram as a financial resource, Steele said. "It is important Australians continue to consider their financial ...

Chief economist update: ScoMo cannot miss new vaccination target

BENJAMIN ONG  |  TUESDAY, 13 APR 2021
... Minister Scott Morrison did one better and all but abandoned his government's vaccine roll-out target. Taking to Facebook, Morrison announced on April 10 that: "The government has also not set, nor has any plans to set any new targets for completing ...

US regulator, states sue Facebook

JAMIE WILLIAMSON  |  THURSDAY, 10 DEC 2020
Facebook appears unfazed by antitrust lawsuits filed by 46 US states and the Federal Trade Commission seeking to force the social media giant to divest key assets, labelling the actions 'revisionist history'. The FTC and 48 Attorneys General ...

Super funds lag on disclosure

JAMIE WILLIAMSON  |  FRIDAY, 2 OCT 2020
... equities, top picks were also similar with eight of the top 10 of most funds being technology stocks like Amazon and Facebook. Still, in Australia, super funds have 60% more capital invested in resources than in technology, the research house said. Funds ...

GMO launches global equities fund

KANIKA SOOD  |  WEDNESDAY, 30 SEP 2020
... invested in 10 stocks: Apple, Microsoft, Alphabet, UnitedHealth Group, Accenture, Coca-Cola, Oracle, Johnson & Johnson, Facebook and Medtronic. Geographically, 83% of its holdings are from United States, followed by 4.1% in United Kingdom, 3.6% in Switzerland ...

Facebook, Google face crypto class action

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
Sydney-based law firm JPB Liberty has filed a class action against Facebook and Google for the losses suffered by Australian cryptocurrency providers after their bans on cryptocurrency advertising. JPB Liberty is seeking damages for the losses the cryptocurrency ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... apply for early release of super, the scams can be convincing. Rickard recalls one scam which recently went around on Facebook and Instagram. The scammers created a convincing graphic claiming that Coles, Woolworths and Aldi wanted to help people suffering ...

Take your CAPE ratio with a grain of salt

ALLY SELBY  |  MONDAY, 17 AUG 2020
... low, people are willing to pay an elevated price for earnings." Garrett agrees, arguing the tech titans; the likes of Facebook, Google, Amazon and Netflix, are growing significantly faster than their value peers. "So it makes sense that the CAPE ratio ...

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... ASIC said. "These websites are advertised using fake celebrity endorsements, which appear on social media sites such as Facebook, Instagram, LinkedIn and Twitter," the watchdog said. "When an investor clicks on the article or ad, they are often sent ...
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