Revealed: the inside story of Adelaide broking scandal
Article Abstract:
The financial service industry in Australia witnessed a crisis of confidence in Apr 1997 when the clients of the Adelaide stockbroking firm lost millions of dollars through unauthorized options and share trades. Although about $17 mil has been paid in compensation to 415 clients, Ken laming, the RetireInvest, has been banned from acting as a financial adviser and Malcolm Boyd, director of Thompson Brindal Ltd, was charged with prohibited conduct.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1999
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The rancid art of churning
Article Abstract:
Investors need to cautiously guard against the practice of churning, a deceptive practice by brokers to make excessive trades in order to benefit from commissions. Financial advisers and insurance agents are also poised to churn client accounts. Switching funds has become so easy that clients often do not ask questions about commissions are more trailing fees, which can have an even greater impact on costs.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1997
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Buffett's secret strategy
Article Abstract:
Warren Buffet attributes two conflicting investment philosophies in his approach to investing. Buffet does not consider the day to day operations of the stock market and does not analyze the economy. Instead Buffet invests in the business themselves and looks at the company's return on equity, not earnings per share. Buffet's strategies and methodologies are outlined and applied to the Australian market.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
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