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 February 26th, 2010 by John
26 February 2010
News release
Guide for disclosure of credit ratings by non-bank deposit takers
The Securities Commission today issued interim guidance for non-bank deposit takers (NBDTs) on disclosure of credit ratings. Mandatory credit rating requirements for NBDTs come into effect on 1 March.
The Commission has provided this guidance pending the introduction of new credit [...]
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Filed under: HEADLINES, LAW
Posted on February 7th, 2010 by John
The NZ Herald reports
Kiwi celebrities are being targeted by social networking frauds, who are forging Twitter and Facebook accounts in their names.
False profiles are being created in the names of sports stars such as All Black captain Richie McCaw, Black Caps skipper Daniel Vettori as well as broadcasters and TV personalities.
The fictitious sites are fooling [...]
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Filed under: HEADLINES, LAW
Posted on February 4th, 2010 by John
Britain’s Serious Fraud Office said Tuesday that it would not pursue legal action against the local operations of Bernard L. Madoff, the U.S. financier now in jail in the United States.
In a statement, the S.F.O. said its investigation had found “ insufficient evidence to provide a realistic prospect of conviction” against either the company or [...]
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Filed under: HEADLINES, LAW, LITIGATION
Posted on January 31st, 2010 by John
On the false profits blog an article was published by Robert Fitzpatrick, founder of Pyramid Scheme Alert and co-author of the book False Profits. The main theme of the article is on why people fall for pyramid and Ponzi schemes.
The Evolution of Fraud
01/17/2010 07:21 PM
As business has grown more complex, fraud has evolved and adapted [...]
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Filed under: LAW, LITIGATION, SCAMS AND SCHEMES
