Securities fraudsters are facing a greater chance of jail time, not just a regulatory hearing, says the head of the British Columbia Securities Commission (BCSC). In a speech to the Vancouver Board of Trade on Tuesday, Brenda Leong, chairwoman and CEO of the BCSC, highlighted the commission’s resolve to take more cases before criminal courts, which is one of the ways that it aims to bolster market confidence. Keywords EnforcementCompanies British Columbia Securities Commission Related news Mouth mechanic turned market manipulator PwC alleges deleted emails, unusual transactions in Bridging Finance case James Langton BFI investors plead for firm’s sale Share this article and your comments with peers on social media Leong reported that, since 2007, when the commission formed a criminal enforcement team, Crown counsel have laid 346 charges in connection with 26 cases, 27 people have been formally charged, and 10 of them have been convicted so far. In the first two years of the team’s operation, 12 cases were opened, and five of those resulted charges (16 counts under the Criminal Code and the Securities Act). In all but one of those cases, the individuals charged have either pleaded guilty or been convicted at trial and received jail terms of up to 12 months, she said. The BCSC’s efforts have been gathering momentum since then, she reported. Leong said that in 2009-2010, the BCSC opened 17 criminal cases, and, since the beginning of 2011, another 21 cases have been opened. “Our goal is to bring more and more cases before the commission and the courts to send strong deterrence messages,” she said. In terms of its own hearings, Leong said that the BCSC has improved the efficiency of its administrative enforcement practices, which has resulted in “more cases being handled with the same resources. In addition, many cases are being dealt with significantly faster,” she said. Along with enforcement, she notes that it is also trying to foster confidence through improved investor education, and tightening regulation in certain areas, such as the exempt market. Leong said that given the growth in private placement financing, “we have strengthened oversight of this market to provide more effective protection to those who choose to invest in these private start-ups.” “In this post crisis environment, we are also mindful of increased investor vulnerability to what may appear to be attractive investment opportunities,” she said. At the same time, she stressed that the BCSC is mindful of the regulatory burden that can accompany efforts to enhance confidence. “A sense of urgency is appropriate in the early stages of any crisis. And regulators must be open to the idea that at least part of the problem could be rooted in a regulatory failure,” she says. “But guessing wrong — intruding when not necessary, and imposing costly and burdensome requirements — can easily cause serious and lasting damage to markets.” Facebook LinkedIn Twitter
S&P/TSX composite hits highest close since March on strength of financials sector Related news Share this article and your comments with peers on social media TSX gets lift from financials, U.S. markets rise to highest since March In New York, the Dow Jones industrial average was down 119.70 points at 28,583.68. The S&P 500 index was down 9.10 points at 3,237.18, while the Nasdaq composite was down 2.88 points at 9,068.58.The Canadian dollar traded for US76.87¢ compared with an average of US77.10¢ on Monday.The February crude contract was down US57¢ at US$62.70 per barrel and the February natural gas contract was up US2.7¢ at US$2.16 per mmBTU.The February gold contract was up US$5.50 at US$1,574.30 an ounce and the March copper contract was up 0.35 of a cent at US$2.79 a pound. leungchopan/123RF Toronto stock market dips on weakness in the energy and financials sectors Keywords Marketwatch Canadian Press Canada’s main stock index climbed to within a few points of a record close as the materials sectors was helped by higher gold prices amid a continued flight to safety by investors.The S&P/TSX composite index was up 62.59 points at 17,168.06. Facebook LinkedIn Twitter
Demerger Disgrace This arrangement was made to solve a political headache for a small group of union officials at the expense of the broader labour movement. What is most disappointing is there was no meaningful consultation or input. Self-interest took precedence over solidarity.The Fair Work (Registered Organisations) Amendment (Withdrawal from Amalgamations) Bill 2020 is nothing more than a tool for the Morrison government to split and weaken unions. Backroom deals with Christian Porter should not determine a union’s future.Today we are calling upon the ACTU leadership and all affiliates to take urgent action and campaign to have the demerger bill repealed immediately.We also call on the Australian Labor Party to explain why it supported the bill in December last year and reverse this decision. Allowing this bill to pass the Senate without opposition from the ALP was a mistake that needs to be fixed.The COVID crisis has shown us Australia needs strong unions with the ability to organise better conditions, job security and safety at work. Maher’s secret backroom deal undermines unions, and Australian workers deserve better than that.The Union movement is bigger than one individual and now more than ever we need to collectively fight for every Australian worker.On behalf of all working Australians and their families, the ETU is determined to see the demerger bill repealed in addition to its campaign to stop Scott Morrison’s Wage cutting IR Omnibus.Quotes attributable to ETU National Secretary Allen Hicks:“This demerger bill will leave a cancerous legacy. The union movement needs to stand up and call on the Government to repeal it.”“These laws were poorly drafted, ill-conceived with no regard whatsoever for the impact on the broader union movement.”“This shouldn’t have gone through without a fight, and it’s up to the ALP to fix their mistake. The future of the union movement must not be determined on whim in a deal with Christian Porter.“After the year from hell that was 2020 and eight years without wage growth, working Australians need stronger unions. These demerger laws are the exact opposite of that.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:ACTU, ALP, amendment, Australia, Australian, Australian Labor, Christian, Electrical Trades Union, ETU National, fair work, Government, job security, Labor Party, leadership, Morrison, Scott Morrison, wage growth
Advertisements FacebookTwitterWhatsAppEmail Jamaica’s trade and investment promotions agency, JAMPRO, will be leading a substantial business focused programme to target buyers, distributors and prospective investors, during the ‘Jamaica House’ 2012 programme at the O2 in London during the summer Olympics. JAMPRO Vice President, Dr. Dana Morris Dixon, said that the agency has learnt from the experience of the Beijing Olympics and will try to leverage the focus that will be on Jamaica during the London games, for business gains. “Jamaica is well poised to demonstrate to the world, that not only are we producers of remarkable sportsmen and women, but that we are indeed world leaders in business, who produce signature, authentic products and perform above expectations in all areas in which we venture,” Dr. Morris Dixon said. She was speaking at the launch of ‘Jamaica House’ in London, at the Jamaican High Commission on June 18. She said it is imperative that the country seized the opportunity to promote Jamaica as a premier business location. The event, she said, offered a “one in a lifetime” opportunity to highlight the growing improvement in Jamaica’s business sophistication, multifaceted workforce and ongoing commitment to inward investments and international trade. Jampro’s trade engagement, Dr. Morris Dixon, said would comprise a retail element with the establishment of a Jamaica Store that will sell authentic Jamaican products. In addition to targeting general business interests, special attention will be paid to the Jamaican Diaspora. “Jamaica House, our national house in London, will feature a Brand Jamaica Display, showcasing an extensive range of high value, iconic Jamaican products. This will provide the platform for trade activities targeting buyers and distributors and also seek to increase the awareness of Jamaica’s non-traditional export products and services,” she added. ‘Jamaica House’ is seeking to be one of the largest and most impressive Olympic 2012 celebrations in London. Visitors will be able to take part in an interactive tour of the island’s history and culture as well as be a part of the celebrations of the 50th anniversary of independence. ‘Jamaica House’ at the O2 is spearheaded by the Jamaica Tourist Board and Jamaica 50, in partnership with JAMPRO and the Ministry of Youth, Sports and Culture. RelatedJAMPRO to Target Trade and Investment at ‘Jamaica House’ in London By Vivienne Siva (London) RelatedJAMPRO to Target Trade and Investment at ‘Jamaica House’ in London RelatedJAMPRO to Target Trade and Investment at ‘Jamaica House’ in London JAMPRO to Target Trade and Investment at ‘Jamaica House’ in London CommerceJune 20, 2012
ST. ANDREWS, Scotland – Lexi Thompson isn’t looking in the rearview mirror. Yes, she says, the crushing blow she experienced losing the ANA Inspiration last spring made her even more determined to win a major championship, but she doesn’t like going back there in her head, for motivation or for anything else. “It’s definitely made me more determined than ever, but I’ve been such a determined person in general, any time I tee it up out there to win,” Thompson said. After a sluggish start Friday, Thompson caught fire on the back nine at the Ricoh Women’s British Open, making five consecutive birdies to shoot 4-under-par 68. She grabbed a share of the second-round lead with England’s Georgia Hall (67) through the morning wave. After Thompson’s round, a British reporter followed up a question about how determined the controversial ANA Inspiration loss made her with a question about whether winning this week would bring redemption. “I’m not too sure,” Thompson said. “I don’t really have any comments about that tournament anymore. I’m just going to focus on one shot at a time on this weekend and see where it goes.” Thompson doesn’t like going back to Rancho Mirage in her memory, doesn’t like the feelings it brings back. She has made that clear, but the strength shown if she bounces back to claim a major this year might rank as the top story in women’s golf in 2017, as one of the top stories in all of golf. The story includes all the emotions Thompson has felt watching her mother, Judy, go through treatment for uterine cancer in late spring and early summer. Thompson made a statement about her golf, winning the Kingsmill Championship in May, a little more than a month after that controversial four-shot penalty cost her the ANA Inspiration. Thompson was asked at Kingsmill what conscious plan she put in place to bounce back from the ANA. “I went straight home, and I was golfing the next day, if not the day after,” she said. “I was so determined just to keep on working on my game, because I knew that [the ANA] was the best golf I have ever played. I just couldn’t let it get to me.” And she added one more thing about rebounding after the year’s first major. “I’m so over it,” she said. “It’s unfortunate what happened, but it’s time to move on.” Ricoh Women’s British Open: Articles, photos and videos In four her last nine starts, Thompson has a victory and four second-place finishes. There was also some bounce back in Friday’s round. After a couple front-nine bogeys and making the turn in 38, Thompson caught fire. She ran off five consecutive birdies beginning at the 10th hole. A personal record run of birdies, perhaps? “I would say that’s probably it,” Thompson said. “No others kind of come to mind. “Once you get on that kind of streak, you really don’t think about it. I was just hitting it pretty well there, so I was just aiming at pins and going for it and made a few good putts.” Though she has put herself in contention almost every time she has teed it up the last three months, Thompson hasn’t closed the deal in all of them.After taking a four-shot lead coming home in the final round at the Manulife Classic, Thompson bogeyed four of the final seven holes before losing to Ariya Jutanugarn in a playoff. Thompson had the lead again going into the final round of the Meijer Classic in her very next start, but Brooke Henderson overtook her to win. Overall, Thompson has converted just one of her last five 36-hole leads and one of her last six 54-hole leads. Still, Thompson has been consistently putting up the best scores in the women’s game this year. Her 68.94 scoring average leads the LPGA. Her 68 Friday was her sixth consecutive round in the 60s. Notably, Thompson has some extra inspiration coming from her family. Her older brother, Nicholas, shot 63 to grab the first-round lead at the Web.com Tour’s Ellie Mae Classic. Lexi grew up competing with older brothers Nicholas and Curtis in some spirited matches in Coral Springs, Fla., where they lived on the course at the TPC at Eagle Trace. “Any time we can all get together at home in very competitive matches, it’s pretty intense,” Thompson said. Plus, Thompson is continuing to get some special help at Kingsbarns. Her caddie, Kevin McAlpine, is a former Scottish Amateur champion. He caddied for four summers at Kingsbarns. “It’s great to have that local knowledge,” Thompson said. And the edge that gives.
Justin Rose rallies, Dustin Johnson collapses, Tiger Woods makes the rounds, a high-schooler gets edged out by a bylaw and more in this week’s edition of Monday Scramble: Rose left China with the trophy, but this will be remembered as the one that got away from Johnson. The world No. 1 started the final round of the WGC-HSBC Champions with a seemingly insurmountable six-shot lead, then spent the afternoon proving why the word “seemingly” has to be interjected into the sentence. Johnson picked a bad time to have perhaps his worst round of the year, failing to make a single birdie after notching 22 over the first 54 holes. It added up to a two-shot win for Rose, who entered the final round admittedly playing for second place. A few hours on the paddleboard back home in Florida should help DJ put to bed any lingering regrets about his final-round woes amid blustery conditions, but it was certainly a surprising result for the American fans who went to bed Saturday night expecting to wake up to news of a Johnson coronation. 1. But let’s not shortchange Rose, who put up a closing 67 on a difficult day when no one else in the top 10 managed to break 70. The Englishman was a hard-luck runner-up at the Masters earlier this year, and he appeared to be closing in on his first winless year since 2009. But he remained patient amid Johnson’s surprising collapse, and managed to take advantage when the slimmest of opportunities presented itself. It’s his first win since a gold medal was placed around his neck at the Rio Olympics, and his first PGA Tour victory since the 2015 Zurich Classic of New Orleans. 2. As an Englishman born in South Africa who currently resides in the Bahamas, it should come as no surprise that Rose possesses a global resume. He has won tournaments on every continent except Antarctica and has lifted trophies in 10 different countries: China, England, South Africa, Australia, Brazil, Scotland, Hong Kong, Japan, Turkey and the U.S. 3. Rose came from eight shots back to begin the final round, the third largest comeback in Tour history. The only players to erase larger deficits on the final day? Paul Lawrie, who was 11 shots back at The Open in 1999 and Stewart Cink, who blew past Ted Purdy at the RBC Heritage in 2004 from nine shots off the pace. 4. To put Johnson’s stunning demise in perspective, this was just the seventh time in his career that he didn’t record at least a single birdie or better, and the first such round since June. Johnson was in position to become the first player to ever win three WGC events in a calendar year, and he was hoping to extend his active streak of seasons with at least one win to 11. It turns out both will have to wait until at least 2018. 5. Johnson’s Sunday melt took a little bit of heat off of Brooks Koepka’s rough patch during the third round. Playing alongside Johnson in the final group and holding a share of the lead, Koepka made a quad on the par-5 eighth hole en route to dropping well off the pace. He ended up alongside Johnson in second place at 12 under. Earlier in the week, Koepka estimated that he and Johnson had hung out together for 14 of the 21 days following the Presidents Cup, talking about anything but golf. Neither will likely look to dwell on how things ended this week in China. 6. For a guy who hasn’t played competitively in months, Tiger Woods sure found a way to be relevant in the news cycle this past week. First there was the “stinger” social media post, which drove speculation about his possible return to a new high. Then there was an appearance at Game 2 of the World Series in Los Angeles, followed by his guilty plea Friday to reckless driving charges stemming from a May DUI arrest. That’s a full week, and it yielded Woods a solid chunk of the news cycle while many of the game’s best played overnight in Asia. 7. Amid all the appearances, the question remains whether or not Woods will decide to tee it up two months from now at the Hero World Challenge. The tournament made the unconventional move of announcing 16 of its 18 players earlier this month, perhaps paving the way for Woods to take one of two remaining sponsor exemptions should he so choose. It amounts to a far-fetched scenario for anyone who listened to Woods at the Presidents Cup, when he acknowledged the possibility of never again playing competitively. The themes from Woods and agent Mark Steinberg have been to take it slow following back fusion surgery in April. But with each passing social media swing video, the lure of a return in the controlled environment of the Bahamas may be too tempting to pass up. 8. One person who seems confident about Woods’ return is former swing coach Hank Haney. Haney hasn’t worked with Woods since 2010, but the two were together for six major wins. Haney explained on SiriusXM PGA Tour Radio that he expects Woods to tee it up at Albany, even though his most recent return to competition lasted only seven rounds before back issues flared up that led to another surgery. “They’re going to toy with everybody, because it’s just what they do. But he’s playing at the Hero World Challenge,” Haney said. “He’s not going to wait until February to play again.” 9. In an era of 20-somethings dominating the LPGA tour, Cristie Kerr continues to turn back the clock. Kerr won her 20th career title at the Sime Darby LPGA Malaysia over the weekend, becoming the first player to win over the age of 40 since Catriona Matthew back in 2011. She did so with a 35-foot bomb on the final green, and with yet another trophy on her shelf she trails only Annika Sorenstam and Karrie Webb on the LPGA’s all-time money list. “Yes, I’m 40,” Kerr told reporters. “And a winner.” And clearly still with plenty left in the tank. 10. Kudos to the USGA for taking the top event in women’s golf to one of the most iconic courses in the country. Pebble Beach will host the 2023 U.S. Women’s Open, creating a Northern California double-dip with The Olympic Club hosting in 2021. It’ll be the first time the top women in the game play a major on the scenic oceanside layout, and it’s about time they were afforded the opportunity. Pebble will also host the men in 2027, creating a 10-year run of blueblood venues that means a possible return to a course like Chambers Bay or Erin Hills will have to wait until at least 2028. When is a win not a win? The riddle was answered this week with the plight of high-schooler Emily Nash, who dusted a field of boys at a regional competition only to be denied both the first-place trophy and a deserving spot at the state tournament. The Massachusetts Interscholastic Athletic Association dug its heels in while clinging to an arcane bylaw that insists girls can compete in boys’ events, but that their scores can only count for the team portion – not the individual race. The subsequent social media firestorm had pros from both genders weighing in with support for Nash, while LPGA stars crafted a video tribute to Nash under the hashtag #EmilyWon. It’s an unfortunate situation, and one that should have been easily resolved. Hopefully the resulting controversy ensures a similar scenario won’t play out in the future. This week’s award winners … In the Winner’s Circle: Ryan Armour, who earned his first Tour win at age 41 at the Sanderson Farms Championship. Armour has bounced between the PGA and Web.com circuits for a decade and had only one prior top-10 finish since 2008. Making the Most of It: Scott Strohmeyer. After surviving a pre-qualifier and winning a Monday qualifier with a holed bunker shot, Strohmeyer tied for fourth in his first career Tour start. The top-10 finish earns him a spot this week in Las Vegas. Taking Notice: Chesson Hadley, who was a runner-up in Mississippi and came away impressed with the aerial display from Strohmeyer over the weekend: Thanks for Stopping By: Shugo Imahira, who was disqualified from the WGC-HSBC Champions because he apparently saw an incorrect starting time and failed to show up for his 10:35 a.m. start to Round 3. But in the no-cut, limited-field event, he still went home with $43,000 in (unofficial) prize money. On the Mend: John Daly, who had to abruptly withdraw from the same event after re-injuring his knee in an on-course fall. Hopefully the two-time major champ can come back stronger in 2018, as he remains an asset for the tour. Wash, Rinse, Repeat: Bernhard Langer, who won a PGA Tour Champions playoff event for the second straight week. We ran out of superlatives long ago for the ageless German, who is now just nine wins shy of Hale Irwin’s all-time mark on the over-50 circuit. Back in the Saddle: Paul Casey, who will reportedly reinstate his European Tour membership for 2018. Suddenly, the European chances of winning back the Ryder Cup next fall at Paris seem decidedly better with the Englishman back in the fold. Blown Fantasy Pick of the Week: Hideki Matsuyama. A return to the site of his seven-shot romp from a year ago wasn’t enough to snap the Japanese phenom out of his months-long slide, as he tied for 50th and never broke par. Sigh.
A railroad spokesman says a train hauling 105 cars loaded with wheat has derailed in northwestern Montana.BNSF Railway spokesman Gus Melonas says 18 cars derailed Tuesday afternoon at Rock Creek some 52 miles west of Whitefish, spilling an undetermined amount of grain across the rocky, hilly terrain.He says nobody was injured. A cause of the derailment has not been determined.Melonas says the line will be out of commission for at least 24 hours while cleanup crews access the wreck from a nearby logging road.That line is the busiest in Montana, handling up to 40 trains per day. Some of that traffic will be re-routed on a southern line.The train was headed from Moore, Mont., to Kalama, Wash. Email Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox.
Email A new $34 million medical center will officially open in Libby on Jan. 30. Cabinet Peaks Medical Center will replace a smaller facility, St. John’s Lutheran Hospital, which was built in 1952 and has served the community for more than a half century. “We’ve been preparing for this move for what seems like forever, so we’re really excited about getting over there and getting to work,” said Kate Stephens, marketing manager and executive director of the hospital foundation. Construction began on the new hospital in 2012 and was aided in part by a $32 million loan from the U.S. Department of Housing and Urban Development Department. The new hospital is 77,000 square feet as opposed to the current facility that is 53,000 square feet. The new building has all private rooms with toilets and showers, as well as sleeper units for guests. There is also an expanded emergency department, larger surgical suites and more recovery room. The new building is located near the current hospital and close to the Libby Care Center and Northwest Community Health Center. As of mid-January, Stephens said furniture was still being installed and the finishing touches were being made to the interior paint. On Jan. 30 at 4:30 a.m. the hospital staff will meet to organize the patient transfer that will start at 6 a.m. Nurses and hospital staff will accompany each patient and ambulances from Libby and Troy will move back and forth between the two facilities. Stephens said a patient will be moved every three minutes and they hope to have the entire move completed within two hours. On Jan. 31 at 12 p.m. a ribbon cutting ceremony will take place outside the hospital at 209 Health Park Drive. Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox.
Google+ Important message for people attending LUH’s INR clinic Twitter Previous articleShots fired in Derry overnightNext article14 people awaiting in-patient beds at LUH News Highland RELATED ARTICLESMORE FROM AUTHOR Arranmore progress and potential flagged as population grows Pinterest WhatsApp Twitter DL Debate – 24/05/21 Loganair’s new Derry – Liverpool air service takes off from CODA Police in Strabane are seeking information in relation to a hit and run collision this week.The incident happened on Monday between 8pm and 8.30 pm.The crash happened on the Cregg road in Claudy.Anyone who witnessed the collision is being urged to contact police.They are also keen to speak to two males who arrived on scene and assisted the motorist but left before police arrived. WhatsApp Facebook Pinterest Homepage BannerNews By News Highland – March 5, 2020 News, Sport and Obituaries on Monday May 24th Facebook Nine til Noon Show – Listen back to Monday’s Programme Google+ Police in Strabane appeal over hit and run incident