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BISX listee's principal seeks SEC suit dismissal

A BISX-listed company’s principal, and its broker/dealer affiliate, are demanding that a federal regulator’s lawsuit against them be dismissed because the US courts have “no jurisdiction”.

Ex-finance minister says income tax 'stable' choice

An ex-minister of state for finance yesterday backed income tax as a more "stable" and equitable alternative to the present regressive structure that is dominated by VAT and import duties.

Bahamas Showcase: Catamounts get 66-64 win over Norsemen

THE University of Vermont Catamounts made history, becoming the champions of the initial Bahamas Showcase with a 66-64 victory over the Northern Kentucky Norsemen.Most valuable player Trae Bell-Haynes, who finished with 19 points, canned the game-win

Bahamas world's fourth largest IFC at $595bn

The Bahamas is the fourth largest international financial centre by assets, it was disclosed yesterday, with the $595 billion held by this nation’s financial institutions equivalent to 96 times’ gross domestic product (GDP).

Sports in brief

THE fourth annual Georgette Rolle Junior Golf Camp is slated to get underway 9am to 2pm today in the Golf Driving Range at the Baillou Hills Sporting Complex.

Briefly

Funerals and last rites for Saturday, September 29 and Sunday, September 30.

Dames, Lightbourne to join Panthers prep programme

THE BC Christian Prep Panthers basketball programme is establishing itself as a pipeline for Bahamian talent and will add another pair of local student-athletes.

UW guard Isiah Thomas looks to pass around Cal’s Jerome Randle during Saturday’s 88-85 triple-overtime …

Liquidator readies control plan for Alliance accounts

Liquidators for an alleged $340 million Ponzi scheme are planning to apply to the Supreme Court for permission to gain control over six accounts they have been denied access to by a BISX-listed firm’s broker/dealer affiliate.

BVI court criticises Bahamas liquidators

The Bahamian liquidators for an alleged multi-million dollar international fraud have been blasted by a British Virgin Islands (BVI) judge over a “remarkable” and “gratuitous” agreement with a BISX-listed broker/dealer.

Tobacco start-up targets up to $10m first year sales

A Bahamian-owned tobacco manufacturing start-up yesterday said it was targeting $5-$10 million in first year gross sales, but warned this and employee hires could be “significantly impacted” if no Excise Tax exemption was forthcoming.

STATESIDE: Politicians need to recognise when it is time for them to leave the stage

WHAT do Diane Feinstein, Ruth Bader Ginsburg, George Santos and Clarence Thomas have in common?

Swiss Excellence in Education leaders to meet with parents, students, officials in the Bahamas

BAHAMIAN teachers, residents and students will have an opportunity to meet face to face with some of the world’s most respected educators when a contingent representing the finest schools and colleges in Switzerland arrives in Nassau tomorrow.

Band Camp wins Sprite Basketball title

AFTER four weeks of intense competition, the Band Camp has been named the 2018 Sprite Basketball Tournament champions with a score of 98-78 against the Southwestern Division team. Demargio Taylor was named the tournament’s Most Valuable Player, Mark

Sports in brief

BASKETBALL

College Basketball: Bahamians go head-to-head

FOLLOWING a break for the holidays, collegiate basketball resumed amongst Canadian colleges and universities with several Bahamians back on the court for their respective programmes.

Activists 'misled' by minister on oil drill

Environmental activists yesterday alleged the delayed legal challenge to oil exploration in Bahamian waters resulted after they were lulled into a false sense of security by a Cabinet minister.

NPBA Championships: Rockets sweep Giants

WHILE the Discount Distributors Rockets celebrated with a three-game sweep of the New Providence Basketball Association men’s division one championship series, dethroning the Commonwealth Bank Giants, the division II series between the Sun Oil Rockets and the Your Essential Store (YES) Giants will go right down to the wire in the fifth and deciding game.

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.

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