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Press release: A recent ASIC surveillance has found that fund managers must do more to ensure their products are ‘true to label’ – that the product name aligns with the underlying assets.

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I abandoned using slides in presentations in Europe in the 1990s. Working in Asia, there was an expectation that there would be slides and if they were not used - and handed out to the audience - there was considerable criticism. In many cases, that persists. But in the 2000s, I reverted to presentations without slides which puts the onus on the audience to make notes. It's a policy I have extended to e-learning with intra-course Scenario pages and reinforcement for which note-taking is encouraged. It's why we chose against including a notepad in our e-learning system. My view was simple: I knew that the stuff I remembered best was the stuff I wrote down - even though my handwriting was so poor that, often, I couldn't read it back. The simple act of making notes locked information into my memory, even when I was doing it almost on autopilot whilst listening to what was being said. If it worked for me, I reasoned, it would work for everyone. New research by Hetty Roessingh, Professor...

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RIZWAN HUSSAIN has been jailed in the Central London Country Court (a court of first instance) by HH Lethem, J. Hussain has squirmed, wriggled and lied so as to remain in a flat he rented in South West London.

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Our sister venture, Financial Crime Risk and Compliance Training, has released a micro-course about Deutsche Bank, the New York Department of Financial Services and Jeffery Epstein.

The case creates a new class of risk for all regulated businesses everywhere in the world. There is an early bird discount.

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In his blog (here), Nigel Morris-Cotterill talks of chickens coming home to roost, a lack of attention by regulators too anxious to become FinTech hubs and the constraints on prudential management of FinTechs operating across borders, especially under the EU's central regulatory regime.

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Sometimes, one has to shake one's head in wonder. on 23rd October 2017, the UK's Financial Conduct Authority issued a notice about what it calls a "cloned firm." It's not a firm, it's a company. It would be really helpful if regulators used language more precisely. Anyway, it was this "Century Finance/Century Finance Services Limited/ Century Finance UK Limited."

The idiot that's running the scam has just sent to me - me, of all people - his pitch.

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A spam appearing using the name of Santander links to a fake website.

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This morning's crop of overnight spam that made it through the preliminary filters arrived via a contact form relating to this very site. Ordinarily, form spams are either destroyed or reported on, partly because, even using bots, the scams that get through the anti-spam systems on the forms are a cut above the junk that comes in by mail and, often, present new - or at least new to us - threats. This one is carefully crafted, almost as if it's been revised several times to get it right. And, if it were to hit its intended target - investment businesses - it would at least cause a costly waste of time. But only time because, good as it is, it suffers from a significant flaw.

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In a congressional hearing in 1987, US Congressman Norman F Lent of New York put it to the Chairman of the USA's Securities and Exchange Commission, John SR Shad that Rudolph William Louis ("Rudy") Giuliani, then the US Attorney for the Southern District of New York, had a better public relations office than the SEC, it appearing that it was his office that had done all the work in the insider dealing case centred around Boesky, Milken, Levine and Drexel, Burnham, Lambert. Shad's explanation of the relationship which holds good today.

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As Elon Musk, the increasingly mad genius who's not exactly loved after a court accepted his ridiculous defence in the "pedo man" case and who's the poster-boy for how not to communicate about your company in social media puts his foot so far in his own mouth he could kick a football through his.. oh, never mind. He's done it again and tanked the value of Tesla. In doing so, he's lifted his profile enough for pump and dump artists to be using his interest in the current great scam, Artificial Intelligence, and the con artists who manipulate shares are all over his "Quantum AI."

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What is it with Hong Kong and its banks? The Hong Kong Monetary Authority has just announced yet another one is the victim of a passing-off campaign by internet fraudsters. It's the third this week and it's only Thursday.

And then there's this "In view of the latest situation of COVID-19, the HKMA hotline and Coin Cart services are temporarily suspended. The HKMA Information Centre is also temporarily closed to the public. Please visit the HKMA website/official Facebook page for details or latest updates:

Hotline services: HKMA website
Coin Cart services: HKMA website / official Facebook page
HKMA Information Centre: HKMA website"

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A spam purporting to be for "Richard White" a customer of the Main Savings Federal Credit Union has arrived. It tells him that he has collected more than 15,000 "CURewards points". And it wants him to log into a website for one of several different options.

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Société Générale Securities Australia is subject to criminal charges brought by the Australian Securities and Investments Commission.

SocGenSecAus? If you think that's silly, the acronym used by ASIC is worse: "SGSAPL". We'll just stick wiith "SocGen Securities".

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Mark Damion Kawecki, of Frankston Victoria, Australia has appeared before the Melbourne Magistrates' Court and pleaded guilty in the first case of its kind in Australia. He fiddled the figures to help a company get on the board.

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