BFCSA Blog

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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  • GOOD NEWS AT LAST: Most doctors would help terminally ill die: AMA

    Posted by Denise - 0 Comments
    Most doctors would help terminally ill die: AMA The Australian 12:00am November 24, 2016 Jamie Walker   A majority of doctors would help terminally ill people die if ­voluntary euthanasia became law, a landmark survey of GPs and medical specialists by the AMA has revealed. The Australian Medical ­Association will today unveil a policy rejecting euthanasia and doctor-assisted suicide, but which acknowledges for the first time that right-to-die laws are ­“ultimately a matter for society and government”. The position statement, previewed exclusively by The Australian, spells out how doctors can ethically give drugs and treatment to dying patients that hasten death, provided the intent is to ­relieve suffering. The AMA spent a year revising its stance on euthanasia after the hot-button issue was revived by an ultimately unsuccessful cross-party bid in South Australia to push right-to-die legislation through the state parliament and ongoing moves to frame such a law in Victoria...
    Nov 24 Tags: Array
  • BFCSA: ‘Lost’ to the NDIS: thousands with disabilities to miss out. Accuracy of data issue

    Posted by Denise - 1 Comment
    ‘Lost’ to the NDIS: thousands with disabilities to miss out The Australian 12:00am November 12, 2016 Rick Morton   Thousands of people with ­profound disabilities who should have gained access to the $22 billion National Disability Insur­ance Scheme have been “lost” and are uncontactable by states and territories, adding to a series of major errors that will see the program miss its end-of-year estim­ate by almost 9000 people. State and federal governments were forced to meet earlier this year and agree to a “revised” first-quarter estim­ate in light of a payments system crash in July. Continuing data issues, for which states are responsible, and a higher-than-expected influx of children will see the number of plans approved by year’s end fall well short of benchmarks. The national target of 20,264 plans between July and September was halved to 10,529, comprising a 50 per cent cut in estimates for every state (but not...
    Nov 12 Tags: Array
  • BFCSA: Nightmare of Bob Day's eligibility exposes political conflict of interest for Coalition

    Posted by Denise - 0 Comments
    Nightmare of Bob Day's eligibility exposes political conflict of interest for Coalition http://www.smh.com.au/federal-politics/political-opinion/nightmare-of-bob-days-eligibility-exposes-political-conflict-of-interest-for-coalition-20161102-gsg0p3.html   Mark Kenny Bob Day's fitness to stand at the last election will be decided by the High Court. It could take weeks. This will determine whether his ultra-conservative Family First party gets to nominate a replacement, or if one will be found through a re-count. In the meantime, the Senate will be one vote down. Or two if, another senator, One Nation's Rod Culleton, withdraws while his own eligibility is litigated. That means Labor only needs two independents to defeat legislation - if it has the Greens on side.  Coincidentally, the embattled Day resigned this very week on the unrelated yet equally rare grounds that the insolvency of his home-building empire would extend to him personally, rendering him ineligible to sit. Since August, it had been actively investigating whether a deal in which Day had sold a commercial property to...
    Nov 02 Tags: Array
  • BFCSA: 200,000 jobs at risk as housing boom rolls over, Morgan Stanley research shows

    Posted by Denise - 0 Comments
    200,000 jobs at risk as housing boom rolls over, Morgan Stanley research shows ABC News 20 Oct. 2016 Stephen Letts   A slowdown in the housing industry and a glut in high rise apartments is putting 200,000 jobs at risk and could drive unemployment up to 6.5 per cent, according to detailed research from US investment bank Morgan Stanley. The Morgan Stanley strategy team said there were "mixed signals" in the housing cycle, which were causing complacency about the impact of a potential slowdown. "Construction is booming, but we see a sharp slowdown ahead for future apartment developments," said the report's principal author, Daniel Blake. "Transaction volumes and price growth have slowed, but auction clearance rates have remained high — reflecting lower volumes and their bias to top-quartile [more expensive] Sydney and Melbourne property. "Rental conditions have deteriorated and we expect them to weaken further on the basis of a sustained...
    Oct 21 Tags: Array
  • BFCSA: Abbott government misled the public on advertising, dodgy Education policy: my have breached law: auditor

    Posted by Denise - 0 Comments
    Abbott government misled the public on advertising, may have breached the law: auditor   Sydney Morning Herald OCT. 20 2016 - 9:36AM Matthew Knott   The Abbott government misled the public in a $10 million taxpayer-funded advertising campaign promoting its higher education policies after the Education Department was warned the advertisements could breach Australian consumer law.  The revelation is contained in a major review of government advertising by the Australian National Audit Office (ANAO) which also criticises the Department of Education and the Treasury for failing to set specific goals for controversial recent advertising campaigns. This made it impossible to assess the campaigns' "overall effectiveness and relative value for money", the review found.  The campaigns examined included the 2015 Intergenerational Report campaign fronted by popular scientist Karl Kruszelnicki, who later expressed "deep regret" for appearing in the ads and vowed to donate his pay cheque to needy schools.  The report finds...
    Oct 21 Tags: Array
  • Show all entries from POLITICS & PARLIAMENT

Recent posts from this category

  • BfCSA: CEC: Banks panic as both major US political parties adopt Glass-Steagall banking separation policy

    Posted by Denise - 0 Comments
    Banks panic as both major US political parties adopt Glass-Steagall banking separation policy The Democratic and Republican parties in the USA have both adopted, for the 2016 Presidential election campaigns, the policy of reinstating the Glass-Steagall law, eight years after the eruption of the global financial crisis caused by the repeal of Glass-Steagall in 1999. The Glass-Steagall Act 1933 was the most successful financial regulation in history. It mandated the strict separation of commercial banks that normal people use for everyday business, from Wall Street’s investment banks, insurance companies and stock brokerages—no cross-ownership, no shared directors, no contact. Under Glass-Steagall the government protected the deposits of commercial banks through the Federal Deposit Insurance Corporation; however, this protection was a backstop—the real security came from keeping the commercial banks and their deposits away from risk-taking investment banks. Meanwhile, investment banks were given the message: gamble at your own risk—if you lose, you...
    Jul 21 Tags: Array
  • BFCSA: Vikings Revenge: Iceland Takes Back Power To Create Its Own Money

    Posted by Denise - 0 Comments
    Vikings Revenge: Iceland Takes Back Power To Create Its Own Money Written by 21st Century Wire on April 9, 2016 http://bsnews.info/vikings-revenge-iceland-takes-back-power-create-money/   The Vikings revenge. Iceland is taking the money back from the clutches of the private fractional reserve lending cartel. It’s happened before in history, and with great success, but it has also prompted a violent backlash from the elites… Back in 1914, the Bradbury Pound was introduced by the UK government as an ’emergency measure’ to bolster a failing economy. It was a huge success. The banking elite were unhappy, however and panicked – before managing to wrestle control of the money supply afterwards. President John F. Kennedy also introduced a similar ‘Greenback’ in 1961, and again, the banking elite were very unhappy about being pushed out, and losing control of the issuance ofmoney as debt. JFK did not survive past 1963. Then there was Muammar al-Gaddafiin Libya who,...
    Apr 19 Tags: Array
  • BFCSA: Philip Soos explains: How Australia Households became the most indebted in the world

    Posted by Denise - 0 Comments
    The results are in: Australian households have more debt compared to the size of the country’s economy than any other in the world. Research by the Federal Reserve has shown the consolidated household debt to GDP ratio increased the most for Australia between 1960 and 2010 out of a select group of OECD nations. Australia’s household sector has accumulated massive unconsolidated debt compared with other countries. As of the third quarter of 2015, it now has the world’s most indebted household sector relative to GDP, according to LF Economics’ analysis of national statistics. Denmark long held this unholy accomplishment, but has been slowly deleveraging over the last several years as its housing bubble peaked and burst during the GFC. The latest debt-financed boom in Sydney and Melbourne has resulted in Australia now overtaking Denmark, a comparison of official figures from Australia and Denmark has shown. Denmark long held this unholy accomplishment, but has been...
    Jan 16 Tags: Array
  • BFCSA: Philip Soos explains How Australian Households became the most indebted in the world

    Posted by Denise - 2 Comments
    How Australian households became the most indebted in the world Philip Soos The rapid rise of capital city house prices in the past two years has propelled Australia past Denmark with a ratio of 123.08% debt to GDP, analysis shows   The results are in: Australian households have more debt compared to the size of the country’s economy than any other in the world.   Research by the Federal Reserve has shown the consolidated household debt to GDP ratio increased the most for Australia between 1960 and 2010 out of a select group of OECD nations. Australia’s household sector has accumulated massive unconsolidated debt compared with other countries. As of the third quarter of 2015, it now has the world’s most indebted household sector relative to GDP, according to LF Economics’ analysis of national statistics. Denmark long held this unholy accomplishment, but has been slowly deleveraging over the last several years...
    Jan 16 Tags: Array
  • EBOLA THREAT needs professional decisions to be made. Abbott Hockey need to listen to the experts on World Health

    Posted by Denise - 0 Comments
    Click here to recommend this to your friends <http://cecaust.com.au/releases/2014_10_17_Ebola_Threat.html>  Citizens Electoral Council of Australia  Media Release  Friday, 17 October 2014 Australians cannot tolerate Abbott-Hockey austerity in face of Ebola threat  In light of the Ebola epidemic, now clearly a global threat, Federal Treasurer Joe Hockey must abandon his current 2014-15 budget and immediately increase spending on public health, medical research and science. All budget cuts affecting health and science must be jettisoned, and the federal government must undertake an emergency action plan to boost funding and staffing of medical facilities, including hospitals, pathology, research and vaccine production centres, together with efforts to support the manufacture of medical equipment and protective gear, in the face of expanded global demand.  Prime Minister Abbott must reverse his decision to commit money alone to the international effort to tackle Ebola at its root, and coordinate the medical teams and troops already demanded by the Australian...
    Oct 17 Tags: Array
  • Show all entries from SUB PRIME LENDING
  • 743 Posts
  • 1 Active Bloggers

Recent posts from this category

  • BFCSA: The ABS Debacle: Is the ABS turning Census data into a hacker's honeypot?

    Posted by Denise - 0 Comments
    The case for NO NAMES and NO addresses on the actual document.   Never truer words spoken..........the only way to prevent data breaches from occurring is to not hold the information in the first place. I will send a letter in with the form to say my name and address has been whited out and I am conscientious objector due to this debacle, my vulnerable age, disability and living alone.   I do not wish for my name to be in the same file as the data due to incompetence of the department.  In any case ABS still has the code on the document of being delivered to my home by hand, as it was in the "older versions."   Is the ABS turning Census data into a hacker's honeypot?  By Allie Coyne  Apr 19 2016 6:54AM   http://www.itnews.com.au/feature/is-the-abs-turning-census-data-into-a-hackers-honeypot-418280   In a short, innocuous press release that went widely unnoticed last November (except at iTnews), the Australian Bureau of Statistics announced it was looking into...
    Aug 13 Tags: Array
  • BFCSA: Morrison - How average income earners will be pushed into private health insurance by 2020

    Posted by Denise - 0 Comments
    Puts the mediscare lie into perspective...it was the Liberals who lied How average income earners will be pushed into private health insurance by 2020 July 23 2015 Caitlin Fitzsimmons http://www.theage.com.au/money/saving/how-average-income-earners-will-be-pushed-into-private-health-insurance-by-2020-20160722-gqbuzl.html   Scott Morrison's super warning    video Courtesy ABC News 24 It would cost half-a-billion dollars to abandon superannuation changes announced in the budget - and the ratings agencies are unlikely to react well, warns Scott Morrison.   By 2020 average income earners will be forced to buy private health insurance or pay extra tax after the government quietly extended a freeze in the threshold for the Medicare Levy Surcharge. The income threshold, where rebates start to phase out and taxpayers without private cover are charged the surcharge, will stay fixed at $90,000 for singles until June 2021.  The Medicare Levy Surcharge originally targeted high-income earners and was indexed to average weekly ordinary-time earnings. However, the first Abbott-Hockey budget in 2014 paused indexation...
    Aug 08 Tags: Array
  • BFCSA: Australia’s neglected fed up with being neglected by policy makers

    Posted by Denise - 0 Comments
    Australia’s neglected fed up with being neglected by policy makers How the July 9 2016 Grace Collier http://www.theaustralian.com.au/opinion/columnists/grace-collier/australias-unprotected-fed-up-being-neglected-by-policymakers/news-story/dc0ad62f940e1c8f5037c5c73cc7418a   Here, now, we are seeing the rise of the “unprotected”, as defined by Peggy Noonan, a columnist with The Wall Street Journal. In February, Noonan wrote a piece under the headline “Trump and the rise of the unprotected”. In it, she sets out to explain the defiant political mood rising across the Western world. Noonan says that in the US, and much of Europe, the political elites cannot make sense of the world they created. The theory is deeply insightful and has real relevance to our present political predicament. Noonan says the terrifically intelligent types who “do politics for a living” seem to be the only ones who cannot see what is right in front of their noses. “In America now only normal people are capable of seeing the obvious”, and normal...
    Jul 15 Tags: Array
  • BFCSA: Italy passes decree to speed up recovery of $410 Billion of bad loans

    Posted by Denise - 0 Comments
    How bad are things in Europe???   Italy passes decree to speed up recovery of bad loans   29 April 2016 http://www.reuters.com/article/us-italy-banks-decree-idUSKCN0XQ2BK   Italy's Prime Minister Matteo Renzi gestures during a news conference in Rome, Italy, April 7, 2016. Reuters/Remo Casilli Italian Prime Minister Matteo Renzi's government on Friday passed a decree to speed up the recovery of unpaid credit in a banking system saddled with billions of euros in bad loans.  Italy's lenders have some 360 billion euros ($410 billion) in bad loans on their books, which could take years to recoup, but the decree aims to accelerate the process in the future. "This will reduce the time it takes to recoup credit from six to eight years to six to eight months," Renzi told reporters after the decree was passed.  "This decree aims to resolve... definitively the problems of our country's banking system," he said.  The government is seeking...
    Jun 17 Tags: Array
  • BFCSA: Australian young people today are overqualified, underemployed and swimming in debt: report

    Posted by Denise - 0 Comments
    Young people today are overqualified, underemployed and swimming in debt: report Sydney Morning Herald June 15, 2016 - 2:47PM Kelsey Munro   Young Australians are more educated than previous generations, but they are struggling to turn higher qualifications into paid work. And they are paying considerably more for an education that is not properly equipping them with the skills needed in a rapidly changing workforce, according to a new report that paints a grim picture of intergenerational inequity. In the middle of an election campaign where key youth issues have struggled for airtime, the report by advocacy and research group the Foundation for Young Australians suggests this generation may be the first to contribute more to government coffers than they receive, due to the ageing population, higher health costs and a shrinking tax base. "Sometimes we tend to blame the individual young person - sometimes they blame themselves," said the foundation's...
    Jun 16 Tags: Array
  • Show all entries from CONSUMERS
  • 5 Posts
  • 1 Active Bloggers

Recent posts from this category

  • BFCSA: WA fraudster faces jail in the United States

    Posted by Denise - 0 Comments
    WA fraudster faces jail in US Western suburbs financial trader Paul Thompson was contemplating life behind the bars of a US prison last night after admitting his part in the international Libor scam, described as the biggest price-fixing scandal ever.     Thompson pleaded guilty to one count of conspiracy to commit wire and bank fraud, more than two years after being charged. Paul Thompson    The 50-year-old said sorry for his actions, while admitting he was taking medication for depression. “I apologise to those who were harmed by my actions,” Thompson told US District Court judge Jed Rakoff.  He had been accused of being one of seven Rabobank traders to have manipulated the London Interbank Offered Rate, or Libor, between 2006 and 2011.  The Libor is a benchmark interest rate used to set the rate on trillions of dollars of loans worldwide, including home loans in Australia.  Banks have...
    Jul 10 Tags: Array
  • BFCSA: Brogden warns our Super Industry

    Posted by Denise - 0 Comments
      https://www.finsia.com/news/news-article/2014/08/07/brogden-bullish-on-super-fees-despite-murray-concerns Brogden bullish on super fees despite Murray concerns by Andrew Starke | Aug 08, 2014 Australia’s challenge over the coming years is to take the present superannuation system from a world class accumulation scheme to the world’s best retirement system, in part by scrutinising competition, performance and fees.  In his keynote speech to the Financial Services Council (FSC) annual conference in Cairns yesterday, outgoing CEO John Brogden reflected on his five years in the role and delivered a few parting shots to critics of the superannuation system.  He predicted that calls for superannuation to fund “all of the ills in the economy” would only grow louder in the future. To counter this, the FSC have called for a national retirement income policy.  “We must embrace the opportunity and lead the debate on taking superannuation from a world class accumulation scheme to the world’s best retirement system,” he said, adding...
    Aug 10 Tags: Array
  • BFCSA: Iceland charge KAUPTHING bosses with fraud - other alleged crimes

    Posted by Denise - 0 Comments
    http://www.icenews.is/2014/07/13/former-kaupthing-bosses-charged-with-fraud/ Former Kaupthing bosses charged with fraud Business, Finance, Iceland 10:24 am July 13, 2014   The former chief executive and chief financial officers of Kaupthing have been charged with fraud and breach of trust by Iceland’s special prosecutor. According to the indictment, Hreidar Sigurdsson and Gudny Sveinsdottir, the CEO and CFO respectively, have been charged with fraud linked to financial transactions carried out in 2007. Kaupthing Luxembourg’s managing director Magnus Gudmundsson and investor Skuli Thorvaldsson have also been charged for their roles in the alleged crimes. The North Atlantic island’s three biggest banks collapsed in 2008 amid the global financial crisis and the special prosecutor has been pursuing cases against a number of former employees of the three banks for the roles they played in the crisis. The alleged fraud is linked to a 6bn Icelandic kronor transfer from Kaupthing to Marple Holdings, which is owned by Thorvaldsson, and Kaupthing’s...
    Jul 30 Tags: Array
  • PricewaterhouseCoopers report reveals the shocking extent of white collar crime in Australia

    Posted by doyla66 - 1 Comment
    Christopher Russell Hill, 24, is accused of sharing sensitive information with his friend
          June 05, 2014   Christopher Russell Hill, 24, is accused of sharing sensitive information with his friend who worked at NAB. Source: News Corp Australia FRAUD. Insider trading. Bribery and corruption. They’re the insidious crimes committed by white collar criminals. Now new research reveals the extent of corruption in Australian organisations. PricewaterhouseCoopers’s latest report Corruption: From the boardroom to the backroom surveyed more than 5000 people in 95 countries, more than half of whom were senior executives. A snapshot of the findings show: • 57 per cent of Australian organisations experienced white collar crime in the last two years. • 47 per cent suffered more than 10 fraud incidents over this time. • One third of organisations lost more than $1 million. • Perpetrators are likely to be male and university educated. • 65 per cent work in middle management.   Nearly six out of ten Australian organisations...
    Jun 07 Tags: Array
  • BFCSA: New York State says Wall Street should be standing Trial for TOXIC Securities. Goldman Sachs

    Posted by Denise - 0 Comments
    NY Appellate Court Rebukes Goldman in Toxic Securities Case  NEW YORK (Jan. 30, 2014)    http://basiscap.com.au/documents/announcements/BYAFM_NYAppellateCourtRebukesGoldman_31Jan14.pdf In a significant blow to Goldman Sachs, the Appellate Court for the state of New York said in one voice that the Wall Street powerhouse should stand trial for its role in the sale of so-called toxic securities, which played a major role in the 2008 financial crisis. The 5-judge panel unanimously rejected Goldman’s attempt to have the case, brought by Basis Yield Alpha Fund, dismissed based on fine print disclaimers in the security offering. The case alleged that Goldman sold two collateralized debt securities (CDOs) to Basis in 2007, on the basis that they were well priced and sold at Goldman Sachs’ own internal marks.   Behind the scenes Goldman considered the securities to be subpar, and said in a cynical internal memo that the infamous Timberwolf security was “one shitty deal. “ Goldman had...
    Mar 08 Tags: Array
  • Show all entries from WHITE COLLAR CRIME
  • 319 Posts
  • 1 Active Bloggers

Recent posts from this category

  • BFCSA: Senate Inquiry in 2014 found that ASIC was a weak and hesitant regulator. Throwing money at ASIC is a waste.

    Posted by Denise - 0 Comments
    'Investing in a proven failure': whistleblower Jeff Morris sceptical of ASIC changes Updated 20 Apr 2016, 1:12pm http://www.abc.net.au/news/2016-04-20/'investing-in-a-proven-failure':-whistleblower/7342124 Eleanor Hall Source: The World Today | Duration: 6min 9sec Someone who's long had concerns about ASIC's power and effectiveness is Jeff Morris. He's the whistle-blower who tipped ASIC off to wrongdoing and cover-up within the Commonwealth Bank's financial planning arm. But it took ASIC more than a year to act on his information. ELEANOR HALL: Well, we have one of those whistleblowers with us here in the studio, someone who's long had concerns about ASIC's (Australian Securities and Investments Commission) power and effectiveness: Jeff Morris. He's the whistleblower who tipped ASIC off to wrongdoing and cover-up within the Commonwealth Bank's financial planning arm. But it did take more than a year for ASIC to act on his information. And Jeff Morris, thanks so much for joining us. JEFF MORRIS: Thank you. ELEANOR...
    Jun 12 Tags: Array
  • BFCSA: The Brotherhood of BIG GAS - inside the Turnbull camp

    Posted by Denise - 0 Comments
    Dr David Pascoe BVSc PhD OVH Repro November 3 at 2:32pm · Edited · THE BROTHERHOOD OF BIG GAS  EXPLOSIVE TIP-OFF FROM INSIDE THE TURNBULL CAMP IGNITES A BUSHFIRE It was the kind of message from Canberra we really weren’t expecting – a bombshell straight from inside the Prime Ministers very own camp. It seems that Senator James McGrath – Turnbull’s own numbers man for his recent leadership coup and the campaign strategist who delivered power to Campbell Newman in the 2012 state election - has now been hurriedly dispatched to Queensland as a forward scout with two missions: first, to find out how Turnbull has been received by Queensland – and the second, much more deadly strategy: to completely wipe out Alan Jones. McGrath is a political strategist, head kicker and toe-cutter of the highest order: he previously worked with Lynton Crosby, whose company Crosby Textor runs campaigns for both APPEA and the...
    Nov 17 Tags: Array
  • THE AUSTRALIAN CODE OF BANKING PRACTICE:

    Posted by Denise - 0 Comments
    REVISITING THE AUSTRALIAN CODE OF BANKING PRACTICE: IS SELF-REGULATION STILL RELEVANT FOR IMPROVING CONSUMER PROTECTION STANDARDS? NICOLA J HOWELL   Page 35..   In 2012, Andrew Wilkie MP presented a private member’s bill to the Commonwealth Parliament: the Banking Amendment (Banking Code of Conduct) Bill 2012 (Cth).  The Bill provided for a mandatory Banking Code of Conduct (based on the then current Banking Code) to be made by the relevant Minister, and to be enforced by the Australian Prudential Regulatory Authority, which would have the power to impose civil penalties for ‘particularly grievous breaches of the code .   In explaining the impetus for the Bill, Mr Wilkie argued that: ‘[t]here is clear evidence that the current voluntary Code of Banking Practice – set up by the banks, run by the banks, overseen by the banks – does not work and is a toothless tiger’.  Mr Wilkie also indicated that he...
    Oct 11 Tags: Array
  • BFCSA: Revealed: how developers exploit flawed planning system to minimise affordable housing

    Posted by Denise - 0 Comments
    Ditto Australia.....   Revealed: how developers exploit flawed planning system to minimise affordable housing The release of a ‘viability assessment’ for one of London’s most high-profile developments – seen exclusively by the Guardian – sheds new light on how developers are taking advantage of planning laws to ramp up their returns 25 June 2015 http://www.theguardian.com/cities/2015/jun/25/london-developers-viability-planning-affordable-social-housing-regeneration-oliver-wainwright   Golden towers emerge from a canopy of trees on a hoarding in Elephant and Castle, snaking around a nine-hectare strip of south London where soon will rise “a vibrant, established neighbourhood, where everybody loves to belong”. It is a bold claim, given that there was an established neighbourhood here before, called the Heygate Estate – home to 3,000 people in a group of 1970s concrete slab blocks that have since been crushed to hardcore and spread in mounds across the site, from which a few remaining trees still poke. Everybody might love to belong in Australian developer Lend...
    Aug 07 Tags: Array
  • BFCSA: IOOF's Boiler Room throws customers to the Wolves!

    Posted by Denise - 0 Comments
    Back to where it started............. IOOF's boiler room throws customers to the wolves 20 June 2015 Adele Ferguson and Sarah Danckert   http://www.theage.com.au/business/banking-and-finance/ioofs-boiler-room-throws-customers-to-the-wolves-20150619-ghrdl6.html   As Christmas parties spilled onto the side streets of Sydney's CBD, two men from listed financial services group IOOF were not in the mood to party. One of the men, a senior equities analyst, was about to become a company whistleblower, a move that would expose another financial scandal and cost him his job It was Friday December 12, 2014 and the other man, the company's head of investigations Rob Urwin, wanted to discuss a few matters before heading home The conversation turned to some questionable behaviour inside the company, most notably its research division and some of the antics of its head of advice research Peter Hilton, so Urwin suggested the discussion continue over a beer.   As they settled in at the Shirt Bar, discreetly...
    Jun 21 Tags: Array
  • Show all entries from REGULATORS