Forum Archive Index - October 2000

["Jeremy" <jeremy@electrosilk.net>]

>From ABC news today :

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Probe to spark Rivkin newsletter changes

Sydney stockbroking identity Rene Rivkin has been pulled into line over his
controversial newsletter The Rivkin Report.

The publication has been the subject of an investigation by corporate
regulators.

In 1998 and 1999 The Rivkin Report, in several instances, recommended that
subscibers buy particular shares on the stock market while Mr Rivkin himself
was selling shares in that company.

The most noted example was junior miner Abednego Nickel.

The Australian Securities and Investments Commission was worried that
failure to disclose Mr Rivkin's own contrary dealings had the potential to
deceive subscribers.

The commission has now accepted undertakings from Mr Rivkin that include an
embargo on dealing in shares mentioned in the newsletter a day either side
of, and on the day of, publication, with contrary dealing to be embargoed
for a further five-days.

Any such dealings will be disclosed as soon as practicable.

An independent expert will carry out a monthly review for the next two
years.




----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.