Joseph is the sole trustee of a trust fund of $1,000,000. By the terms of the trust, he is under a duty to invest the money ‘as if he were absolutely entitled to the assets of the trust’. Ronald, an investment broker, approaches him, who offers to pay him $100,000 ‘no questions asked’ if he invests the trust fund with him. Joseph agrees, and is paid the $100,000. Ronald invests the $1,000,000 on the stock market, eventually losing $700,000. Joseph is now insolvent with only $300,000 remaining, and Ronald has fled the country. Advise the beneficiaries of the trust. Critically discuss the view that preference shares are best described as debt rather than equity. Examine the difference between public and private companies. Critically discuss why a Company may list on a local stock exchange. Select a company on the Caribbean Stock Exchange and outline if they gained benefits from public listing

Joseph is the sole trustee of a trust fund of $1,000,000. By the terms of the trust, he is under a duty to invest the money ‘as if he were absolutely entitled to the assets of the trust’. Ronald, an investment broker, approaches him, who offers to pay him $100,000 ‘no questions asked’ if he invests the trust fund with him. Joseph agrees, and is paid the $100,000. Ronald invests the $1,000,000 on the stock market, eventually losing $700,000. Joseph is now insolvent with only $300,000 remaining, and Ronald has fled the country. Advise the beneficiaries of the trust. Critically discuss the view that preference shares are best described as debt rather than equity. Examine the difference between public and private companies. Critically discuss why a Company may list on a local stock exchange. Select a company on the Caribbean Stock Exchange and outline if they gained benefits from public listing