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Even though the UK classifies land-banking as a collective investment scheme and regulates it as such, the Insolvency Service says that far too many people are losing their money in such schemes

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A riddle: if ACI Worldwide wants to buy S1 Corporation and S1 Corp wants to buy Fundtech and Fundtech wants to be bought by S1 but ACI does not want to buy Fundtech, who will buy who?

Editorial Staff

When Temple-Inland, a packaging and building products company in the USA spun off its Guaranty Bank subsidiary in 2009, the bank was "looted" and left in a parlous state, say the liquidators who have issued proceedings against Temple-Inland and several of its related companies, former officers and some executives who were still in post at the time the bank collapsed.

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Mobile payment systems provider is facing a nice day as venture capitalists value the little business at some USD1,000 million.

Editorial Staff

US company SurePass says that it has developed a two-factor authentication system that avoids problems with the "RSA Breached Token Devices" so as to "deliver secure two-factor authentication via free mobile apps, text and electronic card"

Editorial Staff

The USA's Internal Revenue Service and the Financial Crimes Enforcement Network (FinCEN) have announced that a small subset of individuals with only signature authority required to file the Report of Foreign Bank and Financial Accounts (FBARs) will receive a one-year extension beyond the previously notified filing date of 30 June, 2011.

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Three people have been arrested, and cash, goods and items used in the commission of offences seized in Hong Kong as police investigate a rapid-fire ATM scam involving data written to mag stripe cards and used in just two ATMs over a two week period.

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The Philippines Central Bank, Bangko Sentral ng Pilipinas, says that is has seen continued growth in remittances from Filipino workers overseas as the effects of the global financial crisis are factored out - but in March, the rate of growth was slower than in February.

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When a private investigator approached a "friend" who worked in a bank and asked for information relating to the accounts of a politician, the clerk was willing to help. She says she thought she was helping the police when "Ramesh" asked for the information. It's the first prosecution of its kind in Malaysia.

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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?

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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.

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On Friday 15th April 2010, the Securities and Exchange Commission was heavily criticised by the Office of the Inspector General. That day the SEC announced "fraud charges" against Goldman Sachs, sending markets reeling but diverting attention from the OIG report. Schapiro appeared before the House Subcommittee the following Monday, in part to rebut the OIG's findings. That the news agenda continued to be taken up with the Goldman's action and paid little or no attention to her appearance before the subcommittee's Appropriations Committee (applying for funding for the SEC) demonstrates the...

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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.

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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.

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The UK's Lloyds Banking Group took on a huge loan book when it took over the rapidly imploding HBOS group that included Halifax and Bank of Scotland. Halifax was the UK's largest mortgage lender. And now it's offering a helping hand to those who can afford to pay off their loans more quickly.

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