Resilient BC Iron chief bullish on demand for ore from Fortescue venture

THE sterling-effort-of-the-day award at the Diggers & Dealers bash in Kalgoorlie yesterday went to BC Iron chief executive Mike Young. He was first to present at 8.30am and looked pretty sharp €” a fine effort given Garimpeiro and other lost souls were sharing a drink with him barely five hours earlier.

Rudd's $2b Plan To Save Car Dealers

THE Federal Government has pressured the big four banks into providing a $2 billion lifeline to stop hundreds of car dealers from going out of business in the latest attempt to insulate Australia from the global financial crisis.

Cold-call Director Charged

Alan Goldman, the sole director of investor cold-calling company Mauer-Swisse Securities Ltd, was charged yesterday with operating without a securities dealers licence.

Wider Market

US National Association of Securities Dealers executive vice president Gregor Bailar, left, with Nasdaq Japan CEO Tatsuyuki Saeki at a news conference in Tokyo announcing the establishment of an internet-based trading system for global markets. The Nasdaq stock market said it has established IndigoM

Securities Industry Gears Up For Us Standards

If you have any doubts about how globalisation is changing the way Australians do business, ask the three dozen or so former employees of County NatWest Securities who this week endured a tough formal examination about securities laws on the other side of the world. The Series 7 securities exam i

Asc Chases Dealers Over Late Returns

Three Victorian securities dealers face heavy fines and possible jail sentences after failing to lodge annual returns with the Australian Securities Commission. The ASC has sought an order from the Melbourne Magistrates Court to force the dealers to lodge the documents required under the Corpora

Dealers Facing Fine, Jail Term

Three Victorian securities dealers face heavy fines and a possible jail sentence after failing to lodge annual returns to the Australian Securities Commission. The ASC has sought an order from the Melbourne Magistrates Court to force the dealers to lodge the documents required under the Corporat

Auditors Slip Up

Auditors had failed to detect shortcomings at securities dealers, the Australian Securities Commission said yesterday, announcing an education campaign to rectify the problem. Among the deficiencies were the failure by dealers to maintain a designated trust account, non-compliance with the financial

Asc Acts Against Fund Manager

The Australian Securities Commission has revoked the securities dealers licence of a Melbourne specialist fund manager, Australian Theatre Management, after it discovered breaches of the Corporations Law. In a statement issued yesterday, the commission said the action followed investigations

Ask Questions First, Invest Later

IF you have just received a superannuation payment, been made redundant, are saving for retirement or have just received an inheritance, you will probably need to see a financial adviser. But with a plethora of advisers calling themselves securities dealers, investment consultants, financial plan

Ols Looks To $14m Cash Boost

The Australian-listed construction and fit-out company OLS Asia Holdings said yesterday it expected an immediate cash boost of $14 million, following its listing this weekend on the National Association of Securities Dealers Automated Quotation System in the US. OLS shares will start trading tod

Raid On Advisers

AN investigation by the Australian Securities Commission (ASC) into securities dealers and investment advisers prompted by public complaints has found 65 per cent of a targeted sample needed retraining or their licence conditions amended. The ASC investigated 173 dealers after complaints and foun

Asc Bans 11 From Industry

The Australian Securities Commission banned 11 securities dealers and investment advisers from the industry last financial year as part of its licensee surveillance program. Remedial action was taken against another 77 authorised industry representatives in the program that the ASC claimed had su

How Asc Cracked The Whip

The Australian Securities Commission banned 11 securities dealers and investment advisers from the industry last financial year as part of its licence surveillance program. Remedial action was taken against a further 77 authorised industry representatives in the program that the ASC claimed had