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May 23, 2012

Former UBS trader Kweku Adoboli accused of unauthorised trading that cost the Swiss bank $2.3 billion (£1.5 billion) was due to enter a plea for the first time on Tuesday.

In a case that led to the resignation of UBS's chief executive, Adoboli 31, who worked as a director of exchange traded funds, has been charged with two counts of fraud and two of false accounting and will appear at Southwark Crown Court at 2:00 p.m.

UBS said it had uncovered rogue trades that took place between October 2008 and December 2010.

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Posted: May 23, 2012 8:45pm
May 23, 2012

Kweku Adoboli has given no indication how he will plead against charges he gambled away huge sums while working at UBS

A trader accused of gambling away a record £1.4bn will enter a plea in court on Monday.

Kweku Adoboli, 31, from east London, allegedly lost the cash while working for Swiss bank UBS.

He will appear for a plea and case management hearing at Southwark crown court accused of two counts of fraud and two of false accounting.

Adoboli, who is in custody, worked for UBS’s global synthetic equities division, buying and selling exchange traded funds, which track different types of stocks, bonds or commodities such as metals.

He is accused of dishonestly using his position to try to make a personal gain, and causing UBS losses or exposing the bank to the risk of loss.

City watchdog the Financial Services Authority and its Swiss counterpart have launched an investigation into why UBS failed to spot allegedly fraudulent trading.

The son of a former Ghanaian official to the United Nations joined the bank in a junior capacity in 2002.

Charges relate to the period between October 2008 and September last year.

Prosecutors allege he gambled away the cash while buying and selling exchange traded funds.

Adoboli, who has appeared in the dock in tailored suits at previous hearings, has given no indication of how he will plead.

Judge Alistair McCreath granted Adoboli’s new defence team an extra month to consult with their client after a previous appearance.

Adoboli switched legal teams in November.

He has hired London law firm Bark & Co, which specialises in fraud cases, in place of Kingsley Napley.

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Posted: May 23, 2012 8:44pm
May 20, 2012

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We care deeply about our clients and are guided by words like Integrity, Dedication, Professionalism. But these are only words unless they are backed-up by actions.  We maintain the highest level of quality controls and suitability standards that we know of in the industry.  Our staff and our representatives are passionate about doing the right thing for our customers and it shows.

We are good at what we do and that means we are good at helping YOU. Take a closer look at what we can do for you.  In the difficult economic times we all face, you need the best partner you can find.  Talk to us.  You won’t be disappointed.

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Posted: May 20, 2012 10:17pm
May 20, 2012

A year after the historic events across the Middle East and North Africa began to unfold, the aspirations of people of the region for freedom, human rights, democracy, job opportunities, empowerment and dignity are undiminished.  At the Camp David Summit, G-8 Leaders recognized the important progress that has been achieved in a number of countries undergoing transition and committed to maintaining their support for these transitions in four key priority areas: stabilization, job creation, participation/governance, and integration.

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Posted: May 20, 2012 10:17pm
May 7, 2012

Bill Clinton, 42nd president of the United States and founder of the Clinton William J. Clinton Foundation, will speak at the Milken Institute Global Conference in Los Angeles on Wednesday, May 2, during the lunch session from 1:30 to 2:00 p.m.

The Milken Institute Global Conference takes place from April 29 to May 2, at The Beverly Hilton. This event marks its 15th year, with the number of attendees and speakers at record levels. More than 550 speakers take part in more than 140 panel discussions. The wide-ranging topics include how to fight global poverty, where economic growth will come from, and how to accelerate innovation in the medical industry.

Accredited media who wish to attend Global Conference must register at There will be NO access to Global Conference during President Clinton's remarks for media unless they are previously registered and confirmed by the Milken Institute.

About the Milken Institute
A nonprofit, nonpartisan think tank, the Milken Institute believes in the power of capital markets to solve urgent social and economic challenges. Its mission is to improve lives around the world by advancing innovative economic and policy solutions that create jobs, widen access to capital and enhance health. #2012GC @milkeninstitute

Conrad Kiechel
Director of Communications
            (310) 570-4668      

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Posted: May 7, 2012 1:41am
May 7, 2012

OKLAHOMA CITY, Apr 23, 2012 (BUSINESS WIRE) -- Exchange Traded Concepts, LLC (ETC), in conjunction with Horizons Exchange Traded Funds Inc. (Horizons ETFs), has filed a registration statement with the Securities and Exchange Commission to issue three covered call exchange traded funds (ETFs) in the United States.

This new series of Horizons' ETFs represents the latest endeavor by ETC to help a third-party investment manager bring ETFs to market quickly and cost-effectively. The Horizons ETFs group has been an active sponsor of ETFs in Canada, with more than 80 ETFs listed on the Toronto Stock Exchange and CAD$3.3 billion in assets under management. ETC, a U.S. private-label ETF advisor, will serve as manager and investment adviser to the ETFs. Mirae Asset Global Investments (USA) LLC, the sub-adviser to the ETFs, and Horizons ETFs are both subsidiaries of Mirae Asset Global Investments Co., Ltd.

"We are excited to work with Horizons ETFs, given their successful track record in Canada and deep understanding of the ETF industry," says J. Garrett Stevens, CEO of ETC. "This relationship will reinforce the value of leveraging our operational expertise to introduce new concepts to the ETF marketplace with a minimal initial time and capital investment. We expect more investment managers outside the United States to leverage our platform similarly to bring ETF product to our domestic markets."

The Horizons covered call ETFs are based on indices developed with Standard and Poor's that seek to increase yield and mitigate downside risk by using covered calls on the individual constituent securities in the indices. The series includes:

-- Horizons S&P 500 Covered Call ETF

-- Horizons S&P Financial Select Sector Covered Call ETF

-- Horizons S&P Energy Select Sector Covered Call ETF

"We see the United States as a natural market for the extension of our firm's current ETF line-up and believe that these innovative income generating strategies will be well-received by U.S. investors," asserted Howard Atkinson, CEO of Horizons ETFs. "Partnering with ETC allowed us to accelerate the process of bringing our ETF strategies and brand to the U.S. market."

An investor should consider the ETF's investment objectives, risks, charges and expenses carefully before investing. This and other important information about the investment company can be found in the ETF's prospectus. To obtain a prospectus, please visit the EDGAR Database on the SEC's Internet site at . Please read the prospectus carefully before investing.

The information in the prospectus (or Statement of Additional Information) is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. The prospectus (or Statement of Additional Information) is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state, province or country where the offer or sale is not permitted.

It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.

About Exchange Traded Concepts

ETC is carving out a niche as a portal to launch new, custom exchange-traded funds efficiently and cost-effectively through a complete turnkey solution. ETC is a private-label ETF advisor with passive exemptive relief from the SEC to launch both domestic and international equity exchange traded funds under the Investment Company Act of 1940.

Investment managers, independent advisors, foreign managers and others seeking to launch an ETF for their strategy have the opportunity to build awareness and recognition for their brand as a private label ETF and, for a relatively low initial investment, launch an ETF in approximately one-third of the time it would take to launch an ETF from scratch.

ETC's ETF-in-a-Box(TM) Solution is a turnkey platform that provides time-sensitive and cost-effective methods to bring an exchange-traded fund to market. Seasoned ETF professionals have the operational and regulatory experience plus the industry contacts needed to navigate the complexities of launching and managing an ETF.

ETC has developed strategic relationships with other ETF service providers to assist ETC's sub-advisors in navigating the exchange-traded fund launch process with the guidance necessary to maintain regulatory compliance.

ETC can assist your firm to successfully launch an ETF strategy. For more information, please go to .

About Horizons ETFs

Horizons Exchange Traded Funds is an innovative financial services company offering the Horizons ETFs family of ETFs. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for Canadian investors of all experience levels to meet their investment objectives in a variety of market conditions. With more than $3.3 billion in assets under management and 83 ETFs listed on the Toronto Stock Exchange (TSX), the Horizons ETFs family makes up one of the largest families of ETFs in Canada. (as of March 31, 2012). ( ).

About Mirae Asset Global Investments

Mirae Asset Global Investments provides active and passive investment management solutions to clients around the world. Known as one of the world's largest investment managers in emerging market equities (source:Investments & Pensions Europe)(source:January 2012), Mirae Asset also invests client assets in a broad range of asset classes, through a comprehensive set of investment products. With over 650 employees, including more than 135 dedicated investment professionals, Mirae Asset has offices in Australia, Brazil, Canada, China, Hong Kong, India, Korea, Taiwan, the U.K., the United States and Vietnam. Headquartered in Seoul, the firm manages over $52 billion in assets globally, of which more than $19 billion is invested in emerging market equities (as of March 31, 2012). Mirae Asset Global Investments (USA) LLC is a registered investment adviser focused on providing equity and fixed income investment advisory services to mutual funds, exchange traded funds, foreign investment trusts and institutions. ( ).

SOURCE: Exchange Traded Concepts, LLC (ETC)

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Posted: May 7, 2012 1:41am
Apr 21, 2012

Cruises from Hong Kong to Australia will create sweet vacation memories! Holland America Line features the Amsterdam which sails to Australia from Hong Kong. 

Why Sail from Hong Kong to Australia?

Australia is a delight from the Outback and Ayers Rock, to the most exotic wildlife species imaginable! The Sydney Opera house is also a must see. 

Cruise Lines That Sail from Hong Kong to Australia

In 2011 and 2012, look forward to visiting Australia on 22 day cruise itineraries offered by Holland America's Amsterdam. 

Compare Prices! is the best place to book your cruise from Hong Kong to Australia. Whether you book online, or call one of our cruise experts at            (800) 961-4635      , you will get the best prices and service.

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Posted: Apr 21, 2012 12:23am
Apr 21, 2012

Below are cruise ship itineraries sailing from Hong Kong. Click on an itinerary then select a sail date to request competing price quotes from independent cruise travel agents. Compare the offers, then contact the agents directly for more information or to book. To search through all cruise itineraries (not just Hong Kong) to compare multiple, competing quotes from independent cruise travel agents, please visit our Cruise Search page.

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Posted: Apr 21, 2012 12:23am
Apr 10, 2012
About This Business Provided by business

Ameriprise financial advisors work with you to design a personal financial plan around your life goals so that you can become more confident about managing your financial objectives. Advisors will regularly review progress toward your financial goals and update your plan based on changes in market conditions and your individual situation. Whether you're looking for investment strategies, retirement income, funding for your child's education, or estate or tax planning strategies, Ameriprise financial advisors work with you on your terms.

We offer a broad range of financial products and services including mutual funds and certificates, as well as brokerage services and financial planning. Your advisor will work with you to find investing opportunities that are aligned with your financial goals.

Comments are not verified, may not be accurate and are not necessarily representative of the experiences of the advisor's clients.

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Posted: Apr 10, 2012 2:02pm
Apr 9, 2012

WASHINGTON – The current strong gains in hiring makes the Federal Reserve policymakers worried that it could buzz if the economic growth of the US doesn’t go up.

According to the Fed’s minutes on Tuesday, members were first stated their concerns before they make a plan to keep interest rates at record lows until at least late year 2014. However, some of the members want to take further procedures to improve the economy current status if a condition gets worse or inflation remains reclaimed.

After the meeting, Fed presented the somewhat current view of the economy mainly because of the three consecutive months of hiring in two years. It was concluded that there have been similar raptures of hiring in the previous two years which ended up fading.

On the speech echoed by the Fed Chairman Ben Bernanke last week in the economists gathering, the decline of the economy recovery was the main concern of Fed as it did last year.

Americans aren’t receiving meaningful pay augmentation. Gas prices are high. Additionally, Europe’s debt crisis could reflect on the U.S economy. Provided that the inflation will remain on its current position, analysts think that the Fed will likely give interest rates down in order for them to give the economy an additional support. Most of the economists don’t think that Fed officials will alter their interest-rate policy at their following meeting on April 24-25 and will only relieve credits if the economy gradually moves from its current status.

The economy outlook is going up. Employers added an average of 245,000 jobs a month from December through February. On the other side, the rate of unemployed dropped nearly to 8.3%. The government will report Friday on the job market in March. Most of the economists supposed that the report will give a better month of job creation with a net gain of 210,000 jobs. They also expect that the unemployment rate will remain at 8.3%.


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