ASX loses two directors after ASEC charges

THE ASX is down two directors after Russell Aboud and Shane Finemore handed in their resignations following charges levelled against their hedge fund by the American Securities and Exchange Commission.

The Australian Financial Review reports Manikay Partners was one of 23 companies targeted with the charges, accused of short-selling violations.

In a brief statement, the ASX confirmed the resignations and thanked the pair for their contributions.

The trades in question related to activity from 2009.


Queen sits alone as William, Harry show surprising unity

Premium Content Queen sits alone as William, Harry show surprising unity

The Queen has farewelled Prince Philip during an emotional funeral

Emergency declared after 25 motorcyclists die

Premium Content Emergency declared after 25 motorcyclists die

Police and the government have taken the ‘extraordinary step’ of warning 220,000...

Thief nicks $60 worth of pokies winnings at pub

Premium Content Thief nicks $60 worth of pokies winnings at pub

An opportunistic Dalby thief’s sticky fingers were heard in court, after he...