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.



Accused priest denies child sex claims at trial

premium_icon Accused priest denies child sex claims at trial

Catholic priest is accused of abusing two boys in the 1980s

Fed up dairy farmer predicts demise of Aussie milk

premium_icon Fed up dairy farmer predicts demise of Aussie milk

"It won't be long before there are milk shortages".

Abnormally warm weather until until 2022

premium_icon Abnormally warm weather until until 2022

Experts weigh in on what this will bring

Local Partners