Posted on March 29th, 2010 by John
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29 March 2010
News release
Guidance on boundary between financial planning and advice
The Securities Commission has issued guidance for the financial advice sector on the boundary between financial a planning service and financial advice. This will help advisers prepare to meet the requirements of the Financial Advisers Act when it comes [...]
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Filed under: HEADLINES, LAW
Posted on March 19th, 2010 by John
(03-16) 17:27 PDT SAN FRANCISCO — A judge has awarded a San Francisco attorney $7,000 in damages in a rare trial under California’s anti-spam law – $1,000 for each unsolicited, misleading commercial e-mail he received.
Daniel Balsam, who started suing spammers even before he graduated from law school in 2008, filed suit against Trancos [...]
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Filed under: HEADLINES
Posted on March 11th, 2010 by John
The U.S. Securities and Exchange Commission says that a deceptive website is targeting the victims of the Madoff fraud.
The SEC reports that a website, falsely claiming to have recovered $1.3 billion in funds hidden by convicted Ponzi schemer Bernie Madoff, is now targeting the scheme’s original victims with false promises of [...]
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Filed under: HEADLINES, SCAMS AND SCHEMES
Posted on March 4th, 2010 by John
Unemployed Timaru financial adviser Neville Cant has been found guilty of two charges under the Securities Act.
Cant had pleaded not guilty to offering and allotting securities related to the Gables Proportionate Ownership Scheme to members of the public without a prospectus or an offerer’s statement. Two companies of which he is [...]
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Filed under: HEADLINES
Posted on March 2nd, 2010 by John
Identity crime is on the rise as criminals become cyber savvy and fish around on social networking sites for personal information, experts say.
Already the cost of identity crime is put at up to $200 million a year in New Zealand. Facebook, Bebo and Twitter continue to gain popularity but having [...]
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Filed under: HEADLINES, INFORMATION SECURITY, SOCIAL MEDIA
