Dispatches: Jail for the $350k graduate turned insider trader
Yesterday John Joseph Hartman was sentenced to four and a half years' jail on insider trading charges, tearing apart the financial services career he was hand-picked for. His departure from teary family members before being led away by court officers marked the end of a double life in which he racked up more than $1.9m in illegal profits. (Sydney Morning Herald)
Industry and corporate funds dominate superannuation performance, taking the top spots in a survey of returns for the year to October 31. Figures from the SelectingSuper survey show that Health Super delivered the best returns in the 12 months to October 31, returning 9.54 per cent, followed by ANZ Australian Staff Super at 9.50 per cent, and CBA Officers, 9.47 per cent. (The Australian)
The financial regulator has played down claims its prudential and legislative framework has stopped new bank entrants and limited competition. ( The Australian )
The huge income gap at the Victorian Bar has been confirmed by a confidential survey. The research has shown that hundreds of the state's lowest-paid barristers earn less than $50,000 a year.The survey shows that 28 per cent of Victoria's women barristers and 13 per cent of male barristers earn less than $50,000. (News.com.au)
