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Bahamians conflict on broker’s US client pull
Bahamian executives have given conflicting evidence over whether a local broker/ dealer used marketing deals with day trading schools to circumvent US laws against soliciting American clients.
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Police urge men who are victims of domestic abuse to speak out
THE director of the Royal Bahamas Police Force’s domestic unit is urging men who are being abused to speak out, saying many men are often also suffering in silence as victims of domestic violence.
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BOB rejects $33m ArawakX demand
The Securities Commission was yesterday accused of “callous disregard” for ArawakX’s interests by allegedly interfering with its demand for a $33m settlement from Bank of The Bahamas.
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Sam Bankman-Fried to testify Bahamas looked after FTX clients ‘best interests’
Sam Bankman-Fried is set to tell a New York judge that Bahamian regulators, and not US bankruptcy attorneys, “were acting in the best interests of customers” immediately after FTX imploded.
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ArawakX denies client fund ‘commingling’ allegations
The Bahamas’ first-ever crowd-funding platform has vehemently denied there is any “ongoing commingling” of client and company funds and blamed an “accounting error” for the only occasion this occurred.
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‘Irresistible inference’ ArawakX misused client funds to pay bills
ArawakX’s use of a loan from its largest investor to pay sums due to crowd-funding issuers and subscribers creates “the irresistible inference” it was using client funds to cover operating expenses, regulators charged yesterday.
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‘Lucrative prospects’: ArawakX refutes $2.4m insolvency woes
The Bahamas’ first-ever crowd-funding platform is asserting it has “lucrative prospects” rather than a $2.4m solvency deficiency as it bids to defeat the Securities Commission’s bid to wind-up its operations.
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PLP hits back at Sands’ ‘empty and devoid’ slam
MEMBERS of the Progressive Liberal Party hit back at the Free National Movement Chairman Dr Duane Sands yesterday, calling his comments “empty and devoid”.
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FTX chief orders Bahamas: Hand over SBF interviews
FTX’s US chief is accusing his Bahamian counterparts of seeking to “shield from scrutiny” details of their interviews with Sam Bankman-Fried and other key insiders that he now wants handed over.
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Ex-DPM: ‘Disgraceful’ failure to improve BPL
The Government was yesterday accused of a “disgraceful” failure to build on prior upgrades at Bahamas Power & Light (BPL) with an ex-deputy prime minister asserting he will “fully defend” what was done under his oversight.
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Pintard: Under Davis Administration BPL has not progressed
FREE National Movement Leader Michael Pintard said the Davis administration has not built on the progress its predecessor made toward repairing generation woes at Bahamas Power & Light.
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'Real life consequences': Fidelity's $560k Moody's hit
The Government's declining creditworthiness has sparked "real life consequences" for a BISX-listed bank by forcing it to take a "much bigger than expected" $560,000 hit in its 2022 full-year results.
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RCI DEFENDS PI PROJECT: Cruise line addresses environmental concerns over $100m beach club
ROYAL Caribbean International leaders rebutted environmental concerns surrounding the proposed $100m Paradise Island project yesterday, insisting it would be their most environmentally friendly project of its kind.
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Atlantis concern over cruise line’s PI environment impact
AN ATLANTIS executive says the Paradise Island mega resort has concerns over how Royal Caribbean Cruise Lines (RCCL) plans to mitigate any environmental risks resulting from its proposed Beach Club project.
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Bahamas ‘big part of the FTX puzzle’
FTX’s Bahamian operation was yesterday branded “a big piece of the puzzle that needs to get resolved” as its provisional liquidators successfully obtained US legal recognition for their ongoing investigations.
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House hostilities erupt on $150m BPL arrears
The Prime Minister and Opposition’s leader yesterday accused each other of making “false” statements as renewed hostilities erupted over Bahamas Power & Light’s (BPL) $150m in unpaid bills.
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DAVIS: IT’S YOUR FAULT, DR MINNIS – PM blames hospital woes on former administration
PRIME Minister Philip Davis accused the Minnis administration of neglecting Princess Margaret Hospital during its four years in office, but charged that he will “fix” the problems left behind.
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Bahamas aviation fee defence ‘a red herring’
US airlines yesterday slammed the Government’s “red herring” defence of an air navigation system that allegedly costs just 1 percent of the fees charged by The Bahamas.
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Bahamian charters fear of ‘devastating impact’
Bahamian charter operators yesterday warned that being cut-off from the US due to the dispute over this nation’s overflight fees regime will have “a devastating impact” on their ability to survive.
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