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Latest Investment News

1. Mortgage broker raided over loan to jobless teen
The Australian Securities and Investment Commission (ASIC) and the Australian Federal Police have raided the offices of a Canberra mortgage broker.

2. Wayzata investment broker charged with tax evasion
A Wayzata investment broker is facing charges stating that he failed to pay more than $2 million in taxes and that he attempted to avoid paying those taxes by setting up sham trusts and offshore companies.Comment

3. Broker snap: SABMiller fizzles out
International brewer SABMiller was dropped to "neutral" from "buy" at UBS as the broker warned that currency fluctuations and continued investment in infrastructure could weigh on the group.

4. UK broker to float on AIM before year-end
BRITISH shipping broker ACM Shipping plc said on Monday that it intended to float on London's Alternative Investment Market before the end of the year.

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