http://www.complinet.com/ Complinet Complete North America RSS feed en Complinet Limited en Complinet Limited http://www.complinet.com/global/news/news/article.html?ref=129916 Financial Industry Regulatory Authority chairman and chief executive officer Rick Ketchum updated securities firms on regulatory issues and initiatives at the fixed income conference in Manhattan Tuesday. Ketchum said the financial crisis has increased investors' interest in fixed income products and their progeny, matching both the industry's zeal in creating, marketing and selling them and the regulators' greater focus on overseeing the products and the market. A significant result of the crisis was that the challenge of determining fair and equitable prices made trading and computing net asset values extremely difficult. Ketchum said FINRA and other regulators will aggressively pursue greater transparency in all markets. Ketchum said this will be especially apparent in fixed income because the market has grown in size, has become more retail oriented, and when roiled it affects the broader economy. FINRA is working with the Securities and Exchange Commission, the Treasury Department, Fri, 12 Mar 2010 07:30:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129916 2010-03-12T07:30:00Z http://www.complinet.com/global/news/news/article.html?ref=129900 The bankruptcy lawyers charged with recovering assets on behalf of the victims of South Florida Ponzi schemer Scott Rothstein want his wife to repay more than $1m. According to a lawsuit filed by the bankruptcy trustee, Kimberly Rothstein spent her husband's ill-gotten gains with zeal between 2006 and 2009. She reportedly had unfettered use of an American Express card that belonged to her husband's law firm, Rothstein Rosenfeldt and Adler PA, and used it to rack up tremendous charges. "During the years 2006 through 2009, Mrs Rothstein charged $880,609 on the RRA American Express card for purely personal expenses including, but not limited to: jewelry, clothing, shoes, handbags, leather goods, plastic surgery treatments, eyewear, electronics, local hotel room and spa charges, household furnishings, home gym equipment, vacations and personal travel, athletic club charges, groceries, charitable contributions, personal meals, general household and other items," the civil complaint stated. Fri, 12 Mar 2010 07:27:59 GMT http://www.complinet.com/global/news/news/article.html?ref=129900 2010-03-12T07:27:59Z http://www.complinet.com/global/news/news/article.html?ref=129912 Senate Banking Committee Chairman Chris Dodd (D-CT) said Thursday he will introduce a comprehensive financial regulatory reform bill Monday even though enough votes don't exist yet for passage. Tennessee committee member Bob Corker, who has headed Republican negotiations on the legislation for the last several weeks, said financial regulatory reform could be a casualty of the White House's push to expand health care. But ranking member Richard Shelby (R-AL) said "there is no reason that we cannot reach an agreement. As long as we remain focused on policy and not politics, an agreement is still very possible." Dodd said a bill would have to clear the Senate by spring to allow sufficient time for a conference committee with the House, which passed a bill in December, to get the bill into President Barack Obama's hands by the end of the year. "We're not there yet," Dodd said, using the phrase to describe the status on negotiations with committee members on the four key parts Fri, 12 Mar 2010 07:25:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129912 2010-03-12T07:25:00Z http://www.complinet.com/global/news/news/article.html?ref=129911 House Financial Services Capital Markets subcommittee Chairman Paul Kanjorski (D-PA) said Thursday there is a "good shot" of getting both parties to agree on legislation this year to increase shareholder say on corporate political contributions. Kanjorski noted there is the support of Republican subcommittee member Michael Castle, the sole representative from Delaware, home of 60 percent of the Fortune 500. But ranking subcommittee member Scott Garrett (R-NJ) told Complinet that with all the Senate has on its plate if and when the House should pass such a bill, the chance of this becoming law is not very good. Kanjorski would not speculate on what bill would become law, noting that 30 bills have been introduced to curb corporate political spending in the wake of the Supreme Court's January decision on Citizens United vs. Federal Election Commission. Depending on whom one asks, the ruling either expanded the free speech rights of corporations or clarified existing law on Fri, 12 Mar 2010 07:20:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129911 2010-03-12T07:20:00Z http://www.complinet.com/global/news/news/article.html?ref=129917 Connecticut Attorney General Richard Blumenthal sued the two largest credit rating agencies Wednesday, saying Moody's and Standard & Poor's knowingly assigned tainted credit ratings to risky investments backed by sub-prime loans. The lawsuits alleged that the firms' misconduct enabled the current economic downturn. Blumenthal said the firms repeatedly emphasized their independence and objectivity in rating structured finance securities but knowingly failed to adhere to their representations. In particular, he said, their ratings were tainted by their desire to earn lucrative fees. The firms allegedly increased their revenue by knowingly catering to the demands of investment banks and issuers of structured finance securities by giving undeservedly high ratings to issues that contained a great deal of credit risk. "These credit rating agencies gave the best ratings money could buy, catering to their powerful investment bank clients rather than objectively rating risky bonds," Fri, 12 Mar 2010 07:20:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129917 2010-03-12T07:20:00Z http://www.complinet.com/global/news/news/article.html?ref=129925 The head trader of a New York hedge fund has pleaded guilty at a federal court to stealing $3m from the firm. Ezra Levy, who was the former chief trading officer and chief financial officer at Boston Provident Partners in Manhattan, admitted stealing payments from the fund's investments between February 2006 and October 2009. As Complinet has previously reported, the hedge fund received periodic payments in the form of dividends or interest payments from the fund's investments. Levy, whose responsibilities included reconciling payments, diverted the funds to a bank account that he controlled. Prosecutors estimated that he diverted $2.45m of the stolen $3m to the account. Levy stole the rest of the money by buying stocks at prices above their stock market values and pocketing the gain. In June 2009, Levy purchased stocks at inflated prices from his personal trading account, then billed his employer for a loss of $537,000. He faces one charge of securities fraud and one charge of Fri, 12 Mar 2010 07:15:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129925 2010-03-12T07:15:00Z http://www.complinet.com/global/news/news/article.html?ref=129913 An Ohio man has been sentenced to life in prison for leading a drug-trafficking organization and laundering its ill-gotten gains. Anthony "Tricky" Baltimore, 40, of Dayton, led a ring that distributed hundreds of kilograms of marijuana, cocaine and heroin in Ohio and Kentucky. Baltimore arranged for the smuggling of cocaine from California, marijuana from Texas and heroin from Washington, DC. He was also involved in at least two shootings, including hiring someone to shoot a drug customer who refused to pay him. Baltimore also operated a number of businesses, including an automobile dealership called Prestige Imports of Dayton, to hide the proceeds of his drug trafficking activity. Furthermore, he used dirty money to buy eight pieces of real estate in the Cincinnati area using the name of his 85-year-old grandmother, Lillie Glenn. Authorities also found nearly $150,000 stashed in a safe deposit box belonging to one of Baltimore's accomplices. This investigation was conducted by the Drug Fri, 12 Mar 2010 07:10:01 GMT http://www.complinet.com/global/news/news/article.html?ref=129913 2010-03-12T07:10:01Z http://www.complinet.com/global/news/news/article.html?ref=129928 Lehman Brothers, the investment bank whose collapse in September 2008 brought the world's financial system to its knees, was hiding tens of billions of dollars of its debts through accounting tricks and was insolvent weeks before it actually filed for bankruptcy, according to an explosive report made public last night. A US court-appointed examiner named a string of senior executives, including the former Lehman Brothers chief executive Dick Fuld, whose conduct could lead to charges of gross negligence and breach of duty to shareholders. And Ernst & Young, one of the most powerful accounting firms in the world, was also put in the spotlight after the examiner - Anton Valukas, chairman of the law firm Jenner & Block - said that there was evidence that it was negligent in its oversight of Lehman. Mr Valukas had been appointed by a bankruptcy court, and his report, finished weeks ago, was unsealed yesterday. The 2008 financial crisis reached its crescendo in the days after Lehman Fri, 12 Mar 2010 06:43:20 GMT http://www.complinet.com/global/news/news/article.html?ref=129928 2010-03-12T06:43:20Z http://www.complinet.com/global/news/news/article.html?ref=129903 BRUSSELS, March 11 (Reuters) - U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported. Citing a letter but not quoting from it directly, the Financial Times said Geithner wrote to Michel Barnier, the European commissioner in charge of market regulation, on March 1 saying the EU was headed for a clash with the United States and Britain if the planned rules proved overly protectionist. Barnier's office was not immediately available to comment or confirm that such a letter had been sent. European officials are drafting new regulations on the hedge fund and private equity industries that proponents say are designed to limit their perceived role in aggravating the 2008-09 financial crisis. Tight European regulations could have a big impact on the alternative investment industry in Britain and the United States, where most major hedge Thu, 11 Mar 2010 10:09:44 GMT http://www.complinet.com/global/news/news/article.html?ref=129903 2010-03-11T10:09:44Z http://www.complinet.com/global/news/news/article.html?ref=129899 Goldman Sachs had a bright idea for its clients: Buy credit default swaps - those financial instruments that helped trip up American International Group - in case certain countries ran into financial trouble. That advice, contained in a confidential report prepared by the bank last August, turned out to be prescient. It arrived months before Greece and its staggering debts became the big story in the financial markets. The report, a copy of which was obtained by The New York Times, warned that the risks posed by spiraling government debts might be graver than people realized. Now, some European leaders are pointing fingers at the very financial instruments that Goldman was recommending. They insist that credit default swaps - and the traders who wield them - have made problems worse in Greece and elsewhere. Calls are growing for the United States and Europe to crack down on speculative trading in general and on such swaps in particular. On Tuesday, as the Greek prime minister, Thu, 11 Mar 2010 09:02:58 GMT http://www.complinet.com/global/news/news/article.html?ref=129899 2010-03-11T09:02:58Z http://www.complinet.com/global/news/news/article.html?ref=129837 Commodity Futures Trading Commission Chairman Gary Gensler, a leader in the move to reform the over-the-counter derivatives markets, talked up the Obama administration's points in Washington and Manhattan Tuesday. In the morning, Gensler testified before the Senate Committee on Energy and Natural Resources. In the late afternoon he closed a conference on the outlook for the OTC derivatives markets hosted by Markit, a post-trade processing and information provider. It was difficult to tell how attentive the Markit audience, after a long day and waiting for drinks, was when Gensler turned the question-and-answer period around by asking the attendees some questions. Only one person said he thought OTC derivatives were not a contributing factor in the financial crisis, but when told the AIG bailout cost every US resident $600, not one person in a room full of traders said they wanted their money back. Gensler said futures oversight and central clearing has a long and successful record Thu, 11 Mar 2010 07:30:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129837 2010-03-11T07:30:00Z http://www.complinet.com/global/news/news/article.html?ref=129865 A federal grand jury in Miami has indicted four men on fraud and money laundering charges for crimes they allegedly committed as part of an international organized crime ring that spanned the US and Italy. These arrests were part of a much broader crackdown involving dozens of arrests by US authorities and their Italian counterparts. Those charged were: Roberto Settineri, 41, of Miami Beach; Daniel Dromerhauser, 39, of Miami; Antonio Tricamo, 37, of Miami, and Enrique Ros, 33, of Pembroke Pines. The latter remains a fugitive; the others have been arrested. The charges against Settineri, Ros and Dromerhauser stemmed from an undercover "sting" operation in which they allegedly agreed to destroy documents supposedly linked to a grand jury investigation and to hide assets purportedly subject to federal forfeiture. They have also been charged with "laundering" funds they believed to be the proceeds of a large-scale mail and wire fraud. Tricamo was charged in a separate indictment. He stands Thu, 11 Mar 2010 07:20:29 GMT http://www.complinet.com/global/news/news/article.html?ref=129865 2010-03-11T07:20:29Z http://www.complinet.com/global/news/news/article.html?ref=129858 The Securities and Exchange Commission charged a registered representative Tuesday over a fraudulent scheme to divert millions of dollars in trading profits from a large institutional customer to another customer. An SEC complaint filed in Manhattan federal court alleged that Jose O Vianna Jr, at the time associated with Maxim Group LLC, diverted over $3.3m in trading profits from the account of a large Spanish bank to the account of a British Virgin Islands company. The alleged diversions were at the instigation of a bank employee who was authorized to conduct proprietary trading on behalf of the bank through Vianna and Maxim. On 57 occasions Vianna simultaneously entered orders in the accounts of the bank and the BVI company, Creswell Equities, to trade the same amounts of the same stock. He would place a buy order in one customer's account and a sell order in the other's. If the market moved to make the bank's trade profitable and Creswell's unprofitable, Vianna improperly Thu, 11 Mar 2010 07:15:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129858 2010-03-11T07:15:00Z http://www.complinet.com/global/news/news/article.html?ref=129859 Fifty-year-old Texas businessman Benny Judah has been sentenced to 25 years in prison for defrauding at least 250 investors of nearly $60m. In November, he pleaded guilty to charges that he sold unregistered securities and laundered the proceeds as part of a Ponzi scheme that began in October 2005 and ended in April 2009. Judah, an accountant by education and training, was not a licensed securities broker, but he sold debentures in his company, Excel Lease Fund, which supposedly guaranteed a high rate of return. According to his plea agreement, he told investors he sought to raise $50m to fund Excel's equipment-leasing business and its "investments," and to retire debentures that Excel had previously issued. Judah's fraud came to an abrupt halt in April 2009 when the Securities and Exchange Commission filed a civil complaint against him and Excel alleging violations of federal securities laws. Thu, 11 Mar 2010 07:10:46 GMT http://www.complinet.com/global/news/news/article.html?ref=129859 2010-03-11T07:10:46Z http://www.complinet.com/global/news/news/article.html?ref=129857 Senate Banking Committee member Jeff Merkley (D-OR) said Wednesday he will introduce legislation to restrict proprietary trading by banks. Merkley spokesperson Julie Edwards told Complinet the bill, the Protect Our Recovery through Oversight of Proprietary Trading Act, is being proposed separately from the committee's consideration of a regulatory reform measure. Edwards said Merkley is introducing a stand-alone bill to highlight what he believes is the significant role proprietary trading played in the 2008 financial collapse, but he will consider adding the provision as an amendment to an omnibus regulatory reform bill. The provisions are substantially similar to the guidelines in the Obama administration's so-called "Volcker rule," Edwards said, noting that the Treasury Department worked closely with Merkley to draft a bill encompassing Paul Volcker's recent guidance. If it is enacted, the bill would: bar banks, bank holding companies, and their affiliates and subsidiaries Thu, 11 Mar 2010 07:10:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129857 2010-03-11T07:10:00Z http://www.complinet.com/global/news/news/article.html?ref=129851 A Phoenix "doctor" has pleaded guilty to charges that he illegally distributed steroids and laundered the proceeds. Jesse Haggard, a licensed "naturopathic medical doctor," took over the illicit anabolic steroid business of a bona fide physician, David Wilbirt, after the latter suffered a stroke in mid-2005. Ironically, "naturopathic doctors," whose credentials are recognized by just 16 states, supposedly prefer to use natural remedies rather than prescription drugs. According to court documents, Haggard is one of a number of conspirators who participated in an "illegal drug distribution network" by purchasing steroids from Applied Pharmacy Services and passing them to patients. Between March 2003 and August 2006, APS reportedly distributed steroids "outside the usual course of professional practice and not for legitimate medical purposes." Haggard's plea agreement stated that he and Wilbirt made a profit by "adding a mark-up to the drugs purchased from APS." The funds were initially Thu, 11 Mar 2010 07:05:41 GMT http://www.complinet.com/global/news/news/article.html?ref=129851 2010-03-11T07:05:41Z http://www.complinet.com/global/news/news/article.html?ref=129856 Three proposals that are in play to tighten regulation of money service businesses were discussed at a hearing of the House Financial Services Committee subcommittee on financial institutions and consumer credit Wednesday. Western Union chief compliance officer Joe Cachey called for the creation of a single federal regulator for MSBs, with an optional federal license. The panel also discussed HR 4331, sponsored by subcommittee chair Luis Gutierrez (D-IL) and full committee ranking member Spencer Bachus (R-AL). The bill would establish an Office of Money Services Compliance in the Treasury Department and create a self-regulatory organization for MSB analogous to the Financial Industry Regulatory Authority for broker-dealers. Carolyn Maloney (D-NY) is pushing a separate measure, HR 2893, that would require MSBs to self-certify that they meet federal anti-money laundering regulations. She said her bill passed unanimously in the House in the last session, but she would not predict Thu, 11 Mar 2010 07:00:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129856 2010-03-11T07:00:00Z http://www.complinet.com/global/news/news/article.html?ref=129883 The Securities and Exchange Commission has obtained an emergency order to close a California company accused of running a $20m Ponzi scheme that targeted retirees for investments. USA Retirement Management Services, and its managing partners Francois Durmaz and Robert Pribilski, allegedly lured seniors in Texas and California to the scam by sending out promotional materials inviting prospective investors to the company's estate planning seminars. Seniors who attended the seminars were told that they could earn between eight and 11 percent in interest if they bought promissory notes for investments in "Turkish Eurobonds." The SEC has said, however, that USARMS did not make the investments but instead used funds from new investors to pay off older investors. Durmaz and Pribilski allegedly used the rest of the money to finance their other businesses or personal expenses. The SEC complaint further suggested that Durmaz lied about his qualifications to win business from prospective investors. Thu, 11 Mar 2010 07:00:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129883 2010-03-11T07:00:00Z http://www.complinet.com/global/news/news/article.html?ref=129811 The Securities and Exchange Commission charged the former chief executive officer of a high-tech manufacturer Tuesday with selectively disclosing material nonpublic information to an investment adviser without simultaneously disclosing it to all investors. As Complinet has reported, an SEC enforcement division task force is focusing on the use by advisers of material nonpublic information. The SEC's action shows that entities in which advisers have made strategic investments face risks as well. The SEC filed a complaint in Boston federal court alleging that the executive, Edward J Marino, violated section 13(a) of the Securities and Exchange Act of 1934 and Regulation FD. The suit seeks injunctive relief and a fine. The complaint also named the company Marino formerly headed, Presstek Inc, a manufacturer and distributor of digital imaging equipment. The SEC alleged that on September 28, 2006, while acting on behalf of Presstek, Marino disclosed information about Presstek's Wed, 10 Mar 2010 07:30:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129811 2010-03-10T07:30:00Z http://www.complinet.com/global/news/news/article.html?ref=129812 House Financial Services Committee Chairman Barney Frank (D-MA) said Tuesday his panel will look into expanding the reach of the Community Reinvestment Act. But Maxine Waters (D-CA), who Frank said he would work with in the effort, told Complinet she doesn't think broadening coverage to credit unions, insurers and other major lenders currently exempt from the act could pass Congress this year. Michael Barr, Assistant Treasury Secretary for Financial Institutions, urged the committee to increase Congressional support for community development financial institutions to help fill lending gaps in under-banked communities. CDFIs are banks, credit unions, non-profit loan funds, and for-profit and non-profit venture capital funds designed primarily to lend money to small businesses in low-income urban and rural areas to spur local economic growth. By offering low-rate loans, technical assistance and "hand-holding," CDFIs serve borrowers that are often shunned by large lenders. Since Wed, 10 Mar 2010 07:25:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129812 2010-03-10T07:25:00Z http://www.complinet.com/global/news/news/article.html?ref=129801 A federal grand jury in Maryland has indicted a Bowie man on mail fraud and money laundering charges for his alleged involvement in a massive mortgage fraud scheme. Prosecutors have claimed that Rolando Cousins, 31, was part of a ring that falsely promised to help homeowners who were facing foreclosure to stay in their homes. According to the indictment, Cousins was a senior loan officer with the Metropolitan Money Store in Lanham, Maryland, which offered foreclosure consultation and credit services to financially distressed homeowners. Cousins also owned and operated Prosper Investments. In 2005, Joy Jackson and Jennifer McCall incorporated the Metropolitan Money Store. At the same time, Jackson, Jennifer McCall, Jackson's husband, Kurt Fordham, and McCall's husband, Clifford McCall, and others incorporated Fordham & Fordham Investment Group and Burroughs & Smythe Financial Services. They purportedly created F&F and B&S, both of which were based in Maryland, to help Metropolitan Money Wed, 10 Mar 2010 07:22:34 GMT http://www.complinet.com/global/news/news/article.html?ref=129801 2010-03-10T07:22:34Z http://www.complinet.com/global/news/news/article.html?ref=129799 A federal grand jury in California has indicted a Georgia woman on conspiracy, wire fraud and money laundering charges. Prosecutors claimed that Nicole Bermudez, 39, electronically filed bogus tax return documents with the Internal Revenue Service on behalf of alleged co-conspirator Seth Sundberg in March 2009. According to court documents, as a result of these false IRS filings, Sundberg received a 2008 tax return of more than $5m. In June 2009, shortly after depositing his refund check, Sundberg allegedly wired $801,000 from his account at Borel Bank to Bermudez's account at Community First Bank in Georgia. The indictment alleged that Bermudez wired $600,000 of the money to a home renovation business and purchased more than $100,000 in cashier's checks. These transactions earned her money laundering charges pursuant to Title 18, US Code, Section 1957. If convicted, Bermudez could face decades in prison. Prosecutors have also sought the forfeit of $801,000. This prosecution is the result Wed, 10 Mar 2010 07:19:05 GMT http://www.complinet.com/global/news/news/article.html?ref=129799 2010-03-10T07:19:05Z http://www.complinet.com/global/news/news/article.html?ref=129803 An Arizona company has agreed to pay a fine of $11m to the Federal Trade Commission and a $1m fine to state prosecutors to settle charges that it used false claims to promote its identity theft services. LifeLock Inc claimed in its adverts that its fraud alerts protected consumers from all types of identity theft, but the FTC found that the alerts protected against new account frauds and not against the misuse of existing accounts. The settlement between the FTC and 35 state attorneys general was one of the largest coordinated settlements on record, according to the FTC. LifeLock and its principals have been banned from making further deceptive claims to consumers. Jon Leibowitz, chairman of the FTC, said: "While LifeLock promised consumers complete protection against all types of identity theft, in truth, the protection it actually provided left enough holes that you could drive a truck through it." Lisa Madigan, attorney general for Illinois, said: "This agreement effectively Wed, 10 Mar 2010 07:00:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129803 2010-03-10T07:00:00Z http://www.complinet.com/global/news/news/article.html?ref=129808 Short-selling, or the selling of stock not owned with a view to buying back later after prices have fallen, has suddenly sprung into regulatory focus in many countries in the past few weeks. For example, the US Securities and Exchange Commission a fortnight ago introduced Rule 201 which restricts short selling on a stock that falls 10 per cent on the day of the fall as well as the following day. At the 10 per cent point, shorting will only be allowed at a price above the national best bid for that stock. Rule 201 replaces the previous 'uptick' rule which was that short selling could be undertaken only when the last sale price for that stock ticked upwards. In Hong Kong, the Securities and Futures Commission last week proposed a new law requiring disclosure to the SFC privately of short positions that exceed 0.02 per cent of a company's issued shares as well as any short position that exceeds HK$30 million (S$5.4 million) out of a company's market capitalisation of HK$150 billion. Wed, 10 Mar 2010 00:25:29 GMT http://www.complinet.com/global/news/news/article.html?ref=129808 2010-03-10T00:25:29Z http://www.complinet.com/global/news/news/article.html?ref=129761 Sheila Bair, chairman of the Federal Deposit Insurance Corporation, has called for a resolution authority to wind down too-big-to-fail banks when they get into trouble. In a speech in Washington yesterday, Bair said that the largest institutions should pay a fee to the resolution authority to "bear the burdens of the risks they pose to the financial system." She said that the resolution authority would wind down failing banks as the FDIC's receivership authority did for failed banks, helping to sort claims from creditors, and protecting the taxpayer from future bailouts. Bair said: "Shareholders and creditors would bear the losses, not the public, but the process would be orderly and help prevent a catastrophic collapse of other firms." Bair said that gaps in the regulatory system that allowed risks to go undetected could be plugged by creating a systemic risk council. The council would monitor how changes in the financial markets affected individual institutions. "Under this Tue, 09 Mar 2010 07:25:00 GMT http://www.complinet.com/global/news/news/article.html?ref=129761 2010-03-09T07:25:00Z