More needs to be done to prevent insider trading: OSC

first_img Corporate insiders and issuers need to do a much better job of reporting insider-trading activity and must improve their policies to prevent improper insider trading, according to a new regulatory review from the Ontario Securities Commission (OSC). The OSC published a staff notice on Thursday detailing the results of a review of insider reporting, which found “material insider reporting deficiencies” in approximately 70% of the issuers that it reviewed. The OSC examined the filings of 100 firms — 35% of which were venture issuers from a broad cross section of industries — and 1,500 individual insiders. The review discovered at least one significant deficiency in the majority of firms, involving about 200, or 15%, of the individual insiders it reviewed. FINRA bans analyst for insider trading Related news SEC alleges man sold insider trading tips on dark web James Langton ASIC ready to make deals with devils Keywords Insider tradingCompanies Ontario Securities Commission “The compliance rate for insider reporting can be substantially improved, and this improvement needs to happen across all reporting issuers,” the OSC report states. Indeed, the OSC’s review found reporting lapses at all sorts of firms it examined, noting that there was “minimal correlation between the size of the reporting issuer and the occurrence of material insider reporting deficiencies.” The deficiencies uncovered in the review typically required insiders to amend their filings and often to pay additional filing fees, as a result. The OSC report notes that failing to meet insider reporting requirements undermines the objectives of these rules, which include: deterring illegal insider trading; preventing shenanigans, such as options backdating or opportunistic option grants; and to provide the market with information on the trading activity of insiders, which may inform their own trading decisions. “When insiders fail to comply with insider reporting requirements, this affects the integrity, reliability and effectiveness of the insider reporting regime, which in turn has a negative impact on market efficiency,” the OSC says in its notice. “As such, it is crucial for investors to have access to reliable trading information of insiders.” Lack of filing was one of the biggest issues uncovered in the review, which indicates that approximately 30% of issuers had at least one reporting insider that wasn’t identified as an insider and wasn’t filing insider reports to the regulators at all. Most of these were directors, senior officers, or significant shareholders of reporting issuers, it notes. Although, in certain cases, the insiders who failed to file were the issuers themselves, the OSC’s review says. “All instances of inaccurate reporting can negatively impact the insider reporting regime. However, when an insider fails to file any report in connection with a trade in a security, our regime is significantly impacted,” the OSC’s notice says. The review also found that firms generally need to improve their insider-trading policies. It notes that most issuers have written insider-trading policies in place, but that some of these policies do not restrict derivatives-based transactions, option grants, or similar forms of stock-based compensation during blackout periods. Policies prohibiting these transactions “are essential to avoid public and regulatory scrutiny” about possible improper insider trading, the OSC’s notice says. It also recommends that issuers review their insider-trading policies annually to ensure that they align with current Canadian securities legislation. In an effort to boost compliance with these requirements, the OSC’s report sets out guidance on the various deficiencies uncovered in the review. “Reporting insiders and reporting issuers should use the findings and guidance in this review to strengthen their compliance with insider reporting obligations,” says Huston Loke, director of corporate finance with the OSC, in the notice. “Reporting issuers can play a significant role in enhancing compliance in this area by strengthening their insider trading policies.” The OSC is hosting a webinar on insider reporting obligations on Feb. 24. Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Intelligence Brief: Are homes the next battle-ground?

first_img 5GGSMAihomeWiFi Cable operators were among the first in the telecom space to start to take the home experience seriously, but there have been a range of announcements from other telecom operators over recent months indicating the industry as a whole is now focusing on the issue.At a recent cable conference in London, the panel which provoked one of the most interesting discussions between participants was one focused on the in-home experience and whether this was explicitly part of the service provider’s responsibility.Attitudes ranged from “no, it stops at the door” to “of course it is”. A couple of cable operators from the latter camp were also keen to highlight newly-launched commercial solutions targeting issues including blackspots and seamlessly connecting new devices to home networks.Home experience a growing focusWhile cable operators were among the first to start to take the home experience seriously, there have been a range of announcements of similar services from other telecom operators over recent months. Examples in Europe include:– Bouygues announced it will deploy a managed home Wi-Fi solution to its broadband customers in France, using the AirTies Smart Wi-Fi software and Mesh extenders;– BT chose a white-label mesh Wi-Fi solution as the basis for its Whole Home Wi-Fi solution, with an app that advises on device placement and Wi-Fi discs that self-configure;– Virgin Media has offered a similar service, with a new app which monitors Wi-Fi signal strength in the home. Customers can order a Wi-Fi booster when blackspots are identified, a feature that is free to higher-tier customers.Having tried the Virgin app myself I can testify that it works, and I received a power line adapter set soon after using it to identify blackspots in my home. While this adapter feels a less future-ready and slightly clunkier choice than the mesh Wi-Fi solutions favoured by others, it certainly works and offers a more reliable connection than my previous Wi-Fi booster.Interestingly the services from BT and Virgin offer a range of additional features, including the ability to proactively manage the whole network including temporarily pausing internet access or blocking access for specific devices.From a strategic perspective, the move to offer managed Wi-Fi services has two benefits, namely generating incremental revenues and reducing costs.Typically operators are positioning these managed Wi-Fi services as either a premium service for an additional cost, or including them for free in higher-end packages. As well as a new source of revenue, these services can be an important a tool for churn reduction as satisfied customers are typically less likely to switch. In-home connectivity problems can be a major source of calls to customer support teams, and issues can be challenging if not impossible to solve remotely. So addressing these issues upfront can be an important cost saver at a time when operators are looking to increasingly digitise their customer service functions.Among multiple networks and standards, don’t forget the customerAs we enter the gigabit era, with a range of access technologies promising ever higher speeds to end users (whether delivered over FTTH, cable networks, fixed wireless access, or pure mobile), it is important that, in the real world, customers get to experience something close to what they are promised by operator marketing. As noted above, operators will increasingly need to accept responsibility for the in home experience, especially if the higher speeds on offer mean higher prices for customers, rather than adopting a somewhat utility style perspective that their responsibility ends at the home gateway.With the advent of the new Wi-Fi 6 standard alongside the launch of 5G services, consumers are facing an often bewildering array of acronyms and technologies, few of which actually make their life easier. At the same time, the growing number of connected devices in the home can further increase complexities for the non tech-savvy user. Operators which can address these issues, ensuring both full home connectivity and the seamless connection of new devices, will likely create a clear competitive advantage. As well as happier customers, newer routers and intelligent network apps can also provide improved information to operators on network performance, allowing issues to be identified and addressed remotely – again, contributing to cost reduction.Technological advances could also help, for example with the promise of seamless roaming between mobile and Wi-Fi networks with the arrival of 5G and Wi-Fi 6. But the proliferation of new networks also highlights the need for operators to manage increasing levels of network complexity. This does raise a separate point, though: Wi-Fi and 5G will coexist for the foreseeable future, putting the onus on operators and vendors to ensure these technologies can be managed to work together for the benefit of users.– David George – head of consulting, GSMA IntelligenceThe editorial views expressed in this article are solely those of the author and will not necessarily reflect the views of the GSMA, its Members or Associate Members. Subscribe to our daily newsletter Back HomeBlog Intelligence Brief: Are homes the next battle-ground? Blog Previous ArticleHuawei plans Android alternative by early 2020Next ArticleTelia cuts Norway jobs following TDC tie-up GSMA Intelligence AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 22 MAY 2019 Intelligence Brief: Assessing recent spectrum developmentscenter_img Author Read more Intelligence Brief: Does intent matter in network automation? Related Intelligence Brief: Assessing latest developments in 6G and healthcare Tags last_img read more

Only two properties over past three years built for social housing

first_img Previous articleOne in four general surgeries cancelled at LUH in past yearNext articleNew report claims hard border is inevitable post Brexit News Highland RELATED ARTICLESMORE FROM AUTHOR Pinterest Harps come back to win in Waterford Journey home will be easier – Paul Hegarty News, Sport and Obituaries on Monday May 24th Twitter WhatsApp Google+ WhatsApp Twitter Google+center_img Facebook Facebook By News Highland – December 1, 2017 It’s been revealed that only two houses have been built for social housing in Donegal over the past three years.The local authority says that there are currently a small number of applications which are at an advanced stage.Under the new policy which was reviewed last year it’s hoped that those projects can be advanced further in the New Year.However Cllr. Martin McDermott says the projects aren’t moving quickly enough to deal with the high demand for social housing in the county:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/12/martinmcdhousing.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Important message for people attending LUH’s INR clinic DL Debate – 24/05/21 Homepage BannerNews Only two properties over past three years built for social housing Arranmore progress and potential flagged as population growslast_img read more

Aftermarket Controls Corp. Names Pete Kallgren Director of Marketing, Business Development

first_imgDeMoulpied comes to LSI from the Private Client Services practice of Ernst & Young where he managed strategy & operations improvement engagements for privately held client businesses. Some of his prior roles include VP of strategic development, director of strategic initiatives, and Lean Six Sigma Master Black Belt at OptumHealth, UnitedHealth Group’s health services business, as well as Lean Six Sigma Black Belt at General Electric, where he applied operations improvement principles to customer service, supply chain and product development. A successful entrepreneur, deMoulpied is also the founder of PrestoFresh, a Cleveland-based e-commerce food/grocery business.  WIXOM, Mich. – Aftermarket Controls Corp. (ACC), manufacturer of OEM and aftermarket automotive parts and accessories, has appointed Pete Kallgren director of marketing and business development.      In his new position, Kallgren will be responsible for leading the company’s strategic planning, sales support and new business development. He comes to ACC with more than 20 years of Tier 1 automotive experience at Prestolite Wire LLC, most recently serving as director of sales and marketing. AdvertisementClick Here to Read MoreAdvertisement Kallgren earned a bachelor’s degree in economics and management from Albion College and an MBA from Wayne State University.  He currently resides in Farmington Hills, Mich.,Lubrication Specialties Inc. (LSI), manufacturer of Hot Shot’s Secret brand of performance additives and oils, recently announced the expansion of senior leadership. Steve deMoulpied joins LSI as the company’s chief operating officer (COO). AdvertisementClick Here to Read MoreAdvertisement LSI President Brett Tennar says, “Steve’s success in developing operational strategies that improves the bottom line, builds teamwork, reduces waste and ensures quality product development and distribution checks many of the boxes of what we were looking for in a COO. This, coupled with his career in the Air Force working with highly technical systems and his in-depth understanding of Lean Six Sigma and Business Process Management sealed our offer. As our tagline states, our products are Powered by Science. This data driven approach is one reason why our company has grown exponentially as we employ the most advanced technology to product development. I am confident that Steve is the right person to drive operational strategy for our diverse and growing brands.” Advertisement With more than 20 years of experience across multiple industries and functional areas, deMoulpied has particular expertise in organizations with complex technical products. Combined, his prior positions have required a spectrum of skills in corporate strategy, operations improvement, product quality, and revenue cycle management. He has an impressive history of utilizing data driven problem solving (Lean Six Sigma) and project management (PMP and CSM) to achieve strategic goals surrounding customer satisfaction, operational efficiency and improved profit.  DeMoulpied has a Bachelor of Science degree in Engineering Management from the United States Air Force Academy and a Master of Business Administration degree from the University of Dayton in Marketing and International Business. He served six years with the USAF overseeing the development of technology used on fighter aircraft and the E-3 Surveillance aircraft, finishing his career honorably as Captain.last_img read more

Siemens to upgrade Medellín metro signalling

first_imgCOLOMBIA: Siemens Mobility has won a €42m contract to modernise signalling on Line A of the Medellín metro, the company announced on February 19. Siemens is to install the wayside equipment outside operating hours, with the work on Line A and in the Patio de Bello depot due to be completed in 2021. Siemens is to replace the existing signals with LED signals, modernise the LZB automated train control, and upgrade the communications network and power supply. It will also install Westrace MkII interlocking, which will control 111 track circuits, 58 point machines and 72 signals. The 25·8 km north-south Line A is one of two metro lines in Medellín. It serves 21 stations and carries 1 million passengers a day.last_img

Couple alleges racial profiling after excessive honking arrest by Montreal police

first_imgMONTREAL — A Montreal couple who were pepper sprayed in their car by police after being stopped for excessive honking during Grand Prix festivities last June say they were victims of racial profiling.Daniel Louis and Gertrude Dubois, who are black, told a news conference today they will file a human rights complaint over what they call an unjustified arrest.Louis was speaking for the first time about the June 9 incident, which was captured in a short video that was widely shared on social media.He says what started out as an amicable chat with the police officer about honking his horn quickly escalated, and without warning he was doused with pepper spray.Dubois, sitting next to him in his car, was also hit by the spray.The Canadian Grand Prix attracts large crowds to the city centre, with plenty of drivers revving their engines and honking their horns, but Louis says he believes he was targeted because of his race.The Montreal man says that in addition to two noise violation tickets, he was charged criminally with obstruction and resisting arrest. He says the Crown agreed to withdraw the criminal charges after he paid an $888 fine for his honking.Louis has already filed a police ethics complaint. Montreal police declined comment because Quebec provincial police are investigating the incident.The Canadian Presslast_img read more

Presenting dav1d a new lightweight AV1 decoder by VideoLAN and FFmpeg

first_imgOn Monday, Jean-Baptiste Kempf, the president of VideoLAN introduced a new AV1 decoder, named dav1d. This open source decoder aims to be small, fast, maintainable, correctly threaded, and cross-platform. What is AV1? AV1, short for AOMedia Video 1, is a new royalty-free video coding format designed for video transmissions over the internet. It is being developed by the Alliance for Open Media (AOMedia) composed of most of the important Web companies including YouTube, Google, Facebook, Netflix, Amazon, and Microsoft, among others. Back in September, the YouTube Developers account published a playlist of the first videos to receive AV1 transcodes. Technical details of dav1d The following are the technical details about dav1d: It is written in C99 without VLAs. This facilitates portability as some compilers still haven’t implemented VLAs. It has asm in NASM/GAS syntax. It uses Meson/Ninja as build system. Meson and Ninja are open source build systems which are meant to be extremely fast. It supports x86, x64, ARMv7, ARMv8 architectures. It runs on Windows, Linux, macOS, Android, iOS making it cross-platform. It is released under BSD, so that it can be embedded anywhere, including non-open-source software; or even drivers, for hybrid decoders. Performance details of dav1d Currently, the reference decoder (libaom) for AV1 requires a lot of improvement as it is a research codebase. That is why, the VideoLAN and FFmpeg communities have come together to work on this new decoder, sponsored by the Alliance of Open Media. This project is partially funded by the Alliance for Open Media/AOM and is supported by TwoOrioles and VideoLabs. To show the performance improvements that dav1d comes with, the developers compared it with libaom: Smaller source code: The source code of dav1d is 1/10th of lines of code compared to libaom. Smaller binary size: Its weight is 1/3rd of the binary size of libaom. Smaller runtime memory footprint: The memory footprint of dav1d is 1/4th of memory footprint of libaom Stack usage is minimal: It uses a very limited amount of stack (about 1 KB). Faster than libaom 1.0.0, slower than libaom HEAD: Depending on the threads conditions it is approximately faster than libaom 1.0.0, but slower than libaom HEAD. You can find the source code of dav1d at VideoLAN website. Read more about dav1d at Jean-Baptiste Kempf’s website and also watch this presentation at Video Dev Days 2018. Read Next YouTube starts testing AV1 video codec format, launches AV1 Beta Playlist A new Video-to-Video Synthesis model uses Artificial Intelligence to create photorealistic videos Facebook Watch is now available world-wide challenging video streaming rivals, YouTube, Twitch, and morelast_img read more

Up to 60 off fall travel with Sunwing Vacations Beach Blowout Sale

first_img Share Monday, August 8, 2016 << Previous PostNext Post >> Posted by Travelweek Group center_img Up to 60% off fall travel with Sunwing Vacations’ Beach Blowout Sale Tags: Promotions, Sunwing TORONTO — Sunwing Vacations’ Beach Blowout Sale offers savings worth up to 60% off until Aug. 12.The promotion applies to all-inclusive packages in Mexico, the Caribbean and Central America with departure dates throughout September and October.Among the featured resorts, the family-friendly Starfish Cayo Santa Maria combines a beachfront location on the longest white sand beach in the Cuba keys with a wide range of activities for kids including mini-bowling, a complimentary children’s and teens club and water sports.All vacation packages come with return flights on Sunwing Airlines with Champagne Service including a free glass of sparkling wine, tea and coffee and non-alcoholic beverage service and in-flight entertainment, and an included 23kg baggage allowance.last_img read more