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Court 'quashes' Commission probe into BISX firm's broker

The Securities Commission is appealing a court verdict that “quashed” its bid to assess the solvency of a BISX-listed company’s broker/dealer affiliate, which is embroiled in an ongoing $340 million fraud probe.

Consumers reveal concerns to URCA

Utilities Regulation and Competition Authority (URCA) executives heard the concerns of Bahamian consumers at its recent New Providence town hall meeting.

On deck and close to the action at the Battle of Jutland

101 years ago this weekend, Lt Robert Tatton Bower, of the Royal Navy, wrote a letter to his father, giving a first hand account of the largest World War 1 naval battle from aboard HMS Inconstant. Lt Bower’s descendants have Bahamian connections: his son Paul, came to the islands and was Publisher of The Nassau Guardian while his grandsons, Nigel and Bobby, are known business figures in Nassau.

100 farmers hit through tobacco grow 'scrapping'

Up to 100 farmers could be impacted by a Bahamian cigarette manufacturer’s decision to “scrap” its Andros tobacco growing plan, its chairman telling Tribune Business that conventional agriculture will also take a hit.

'Major concern' over BISX listed firm's $5m prefs

The $5 million investment in a BISX-listed firm’s preference shares “is of considerable concern” to the liquidators of its largest client, who have warned that the deal will receive their “continued attention”.

$358m penalty for fraud with Bahamas 'alter ego'

A US judge has imposed a $358 million fine on the perpetrators of an alleged multinational fraud that he found employed a BISX-listed firm’s subsidiary as its “alter ego”.

'Severely hampered' over legal action against Alliance

Liquidators for an alleged multi-million dollar Ponzi scheme have been “severely hampered” by a lack of financing in their efforts to recover a $5 million investment, and pursue legal action, against a BISX-listed company’s main affiliate.

Commission forces Benchmark into broker 'guarantee'

BISX-listed Benchmark (Bahamas) has been forced to “guarantee” its broker/dealer subsidiary will meet all financial obligations for “at least 12 months”, after regulators expressed concern over whether it was a ‘going concern’.

Regulators stop Rebels 120-107, Aliv Buckets get 89-75 win over Stampers

THE Regulators dominated the overtime period and closed the game on a 10-1 run en route to the win. Alexander Rolle outscored the Rebels all by himself in overtime when he dropped 10 of his game high 31 points.

WORLD VIEW: Cooperation, coercion and capitulation

ON March 12, the Council of the 28-nations European Union (EU) placed 15 small territories on a list of what it calls “non-cooperative jurisdictions”. What the EC considers these territories to be “non-cooperative” about reveals the raw exercise of power by the strong over the weak.

Junior golfers 'putt' Bahamas 5th overall

Team Bahamas produced a trio of top five finishers against elite junior golf talent in the region at the 31st edition of the Caribbean Amateur Junior Golf Championships.The team concluded the final round in fifth place in the race for the Hank James

BISX listee's principal seeks SEC suit dismissal

A BISX-listed company’s principal, and its broker/dealer affiliate, are demanding that a federal regulator’s lawsuit against them be dismissed because the US courts have “no jurisdiction”.

'Risk' broker may not return investor funds

There is a “legitimate risk” that a BISX-listed broker/dealer may not return funds caught up in a $340 million Ponzi scheme to their rightful owners, court documents obtained by Tribune Business have alleged.

Gray, Jets on win streak

Sebastian Gray’s scoring has helped the Northern Oklahoma-Enid Jets to a win streak in a battle atop the conference standings headed toward the postseason.Gray has scored in double figures the last three games, a three-game winning streak for the Jet

Elites, Giants even series 1-1 in the NPBA playoffs

Both the Sports Center Elites and TMT Giants evened their respective playoff series in the New Providence Basketball Association Division II playoffs at the AF Adderley Gymnasium on Monday night.

Dames, Lightbourne to join Panthers prep programme

THE BC Christian Prep Panthers basketball programme is establishing itself as a pipeline for Bahamian talent and will add another pair of local student-athletes.

URCA demands Cable Bahamas pull political ad

THE Utilities Regulation and Competition Authority has ordered Cable Bahamas Limited to immediately cease and desist from broadcasting a political advertisement of Progressive Liberal Party Leader Philip “Brave” Davis that has been showing on its channels.

The Tribune

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