Retail Securities

On 31 January 2023, Don George Evans of Woodlands, Western Australia, was sentenced in the Supreme Court of Western Australia to 12 months' imprisonment. Mr Evans will be released immediately upon entering into a recognisance of AUD5000, to be of good behaviour for two years.

They call it "financial exploitation of seniors" and refer to "World Elder Abuse Awareness Day" but cut through the froth and the Securities and Exchange Commission, The North American Securities Administrators' Association and the Financial Industry Regulatory Authority have started something useful at a time when the elderly are increasingly vulnerable to both actual frauds and misunderstandings caused by rapidly-changing financial environment.

The best thing about the Gamestock story is that a short-seller tried to manipulate the market by doing deals then trying to talk down the stock. The market turned the other way, leaving the short seller out an estimated 30% of their entire funds under management.

Press release: A recent ASIC surveillance has found that fund managers must do more to ensure their products are ‘true to label’ – that the product name aligns with the underlying assets.

As Elon Musk, the increasingly mad genius who's not exactly loved after a court accepted his ridiculous defence in the "pedo man" case and who's the poster-boy for how not to communicate about your company in social media puts his foot so far in his own mouth he could kick a football through his.. oh, never mind. He's done it again and tanked the value of Tesla. In doing so, he's lifted his profile enough for pump and dump artists to be using his interest in the current great scam, Artificial Intelligence, and the con artists who manipulate shares are all over his "Quantum AI."

Mark Damion Kawecki, of Frankston Victoria, Australia has appeared before the Melbourne Magistrates' Court and pleaded guilty in the first case of its kind in Australia. He fiddled the figures to help a company get on the board.

Changing language means that the word "dope" when referring to drugs has moved on from marijuana, usually to heroin where it has effectively reversed into that use from the term "doped up," meaning in a highly drugged state. But it's also mutated from the equivalent of "it's the dope" meaning "it's the best" to "it's dope" meaning, approximately, very good. But all of these uses are relatively new: originally "a dope" was a stupid person. So, now you understand the headline, read the article which refers to a disturbing form of spam.

ASIC says that fixed coupon structured products are "complex, capital-at-risk products tied to the performance of reference shares," a definition that proves its point. Citigroup's advisers gave general advice, the company said. ASIC said retail customers "may have [been] led .. to believe that Citigroup was providing personal advice."

The Commercial Affairs Department (CAD) of the Singapore Police Force and Monetary Authority of Singapore (MAS) advise the public to exercise extreme caution when dealing with unregulated online trading platforms. Has World Investors Stock Exchange (WISE) rebooted?

Brenton John Poynter of Baulkham Hills, NSW has been banned from providing financial services by Australian regulatorm, the Australian Securities and Investments Commission (ASIC). His offence is startling.

When, in 2006, US "hedge funds" began to have trouble meeting their obligations, honest ones went out of business while others faked accounts and ran Ponzi schemes and the US government largely ignored the warnings that such collapses give.

How should the world interpret the collapse of UK fund manager Strand Capital?

When Malaysia's Securities Commission imposed conditions on the activities of SJ Asset Management an unrelated company, SJ Securities, began to get calls from worried clients.

The USA's Securities and Exchange Commission has unanimously voted to approve new rules to significantly curtail "pay to play" practices by investment advisers. Why not call it what it is - corruption?

New Zealand's Securities Commission is to issue civil proceedings against Nuplex Industries Limited and several present and former directors in the SC's first "continuous disclosure" case and papers are being filed at The High Court in Wellington this morning. The company is dual-listed in NZ and Australia.

David B. Stocker, a lawyer in Phoenix, Arizona, pleaded guilty on11 March 11, 2009, in U.S. District Court in Alexandria, Virginia., for his participation in a stock manipulation conspiracy known as a "pump-and-dump" scheme. On 12 March 2010 (yes, a year later) Stocker has been sentenced.