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Broker ‘acted in good faith’ on $400m fraud

A BISX-listed company’s principal, and its main broker/dealer subsidiary, are demanding that a US federal lawsuit against them be dismissed because they “acted in good faith and did not receive ill-gotten profits” from an alleged $400 million financial fraud.

BISX-listed firm’s $5m ‘recapitalise’ after SEC settles

A BISX-listed company will have to undergo a $5 million ‘recapitalisation’ as a result of the deal struck by its principal and main subsidiary to settle a lawsuit against them by US federal regulators.

NPBA: Giants and DDL in win column

THE defending champions Discount Distributors Liquors and runners-up Commonwealth Bank Giants both pulled off victories over the weekend to highlight the men’s division one play in the New Providence Basketball Association.

ED Bethel received The Etienne Dupuch Lifetime Achievement Award at the Annual Media Awards ceremony …

James leads Heat to 95-89 victory over the Raptors

By TIM REYNOLDS AP Sports Writer MIAMI (AP) -- LeBron James took a hard foul and clearly was not happy. So the next time he saw the ball, he made sure no Toronto player could reach him. James' steal and dunk with just more than two minutes left gave Miami

Top executive named at Small Business Centre

The government and its partners have named Davinia L Blair as executive director (ED) of the planned Small Business Development Centre (SBDC).She will head the centre, a partnership initiative with the University of The Bahamas (UB) and Bahamas Chamb

Baptist Sports Council 2012 Softball Classic regular season action

WHILE their co-ed team remained undefeated, Golden Gates Native Baptist dropped their first men’s game as newcomer Anointed To Reign Ministry pulled off the upset to highlight the Baptist Sports Council’s 2012 Softball Classic regular season action at the Baillou Hills Sporting Complex on Saturday.

Court 'quashes' Commission probe into BISX firm's broker

The Securities Commission is appealing a court verdict that “quashed” its bid to assess the solvency of a BISX-listed company’s broker/dealer affiliate, which is embroiled in an ongoing $340 million fraud probe.

Cruise port hits 97% end-May occupancy

Passenger occupancies on vessels calling at Nassau Cruise Port in the final week of May exceeded 97 percent, it was revealed yesterday, signalling the sector is closing on full recovery from COVID-19’s ravages.

PLP using Trump’s playbook

It is quite depressing to reflect on the journey that the Republican Party has taken since the days of the American Civil War. It was once the party of Abraham Lincoln that ended slavery in the United States. Today it is the party of Donald Trump and uses anger, fear, conspiracy theories and fake news to whip up the emotions of a section of society that is shrinking and getting more desperate by the day.

Almost 1m referrals to Nassau/PI hotels

A senior Bahamian tourism executive yesterday said Nassau/Paradise Island has recovered to 97 percent of pre-COVID business volumes by March 2023 with airlift capacity up by double digits for the year-to-date.

FACE TO FACE: From humble beginnings to the NFL

When Edwin A Smith was a little boy growing up in Bain Town in the 1950s, there were great Bahamian athletes making it to the big leagues in baseball or track and field. So, little boys had much to aspire to if they wished to become a professional athlete. But Ed, who spent his afternoons shooting marbles, flying kites, playing stick ball, wrestling, or swimming on Long Wharf beach during the summers, had no idea at the time he would one day make Bahamian history as the first to go pro in an entirely different sport.

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