Forum Archive Index - September 2002

["Mr Nua" <mr_nua@hotmail.com>]

Rivkin has been in trouble over a number of insider trading charges etc. The
nastiest the I can recall was a few years back when he told subscribers to
his newsletter to buy stocks that he has trying to dump....

Me thinks that he is rich from playing the markets and playing the
punters....

This is old, but you get the idea

http://www.abc.net.au/lateline/s196145.htm

Rivkin Warning
Following an investigation by ASIC, Rene Rivkin has had strict rules imposed
on his share trading and advisory activities. Mr Rivkin was investigated
over tips published in his newsletter, the 'Rivkin Report', which urged
investors to buy stocks in certain companies, at the same time that he was
trying to sell them.


---------
Compere: Tony Jones



TONY JONES: Sydney stock market personality Rene Rivkin has had strict rules
imposed on his share trading and advisory activities -- following an
investigation by the corporate regulator ASIC.

Mr Rivkin was investigated over tips published in his newsletter, the
'Rivkin Report'.

The report urged investors to buy stocks in certain companies, at the same
time that he was trying to sell them.

JAN REDFERN, ASIC: We didn't find that there was criminal intent but what we
found was that Mr Rivkin appeared to be selling shares at the same time that
he was recommending that people buy those shares at certain prices.

TONY JONES: Today, Mr Rivkin signed an agreement placing conditions on his
licence -- banning him from trading in any stock for 24 hours before or
after he offers a trading tip.

An independent expert will also monitor Mr Rivkin's activities -- and report
to ASIC every month.

Mr Rivkin was not available for comment.


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