Facebook LinkedIn Twitter Related news The Ontario Securities Commission (OSC) has brought allegations of unregistered trading and illegal distribution against a company, and its two founders, which were cease traded late last year. The OSC said it will hold a hearing, starting on Dec. 11, to hear allegations against Systematech Solutions Inc., its president, April Vuong and its managing director, Hao Quach. The commission charges that Systematech, Vuong and Quach raised at least $12.4 million from investors between March 2007 and October 2011 and issued promissory notes in exchange for these investments. It says investors were promised an annual return of between 12% and 30% and told that their investments were not at risk. James Langton Share this article and your comments with peers on social media Compensation funds available for Phoenix group victims Former Alberta planner fined, banned for illegal distribution scheme However, the commission says that, of the $12.4 million raised from investors, $7.7 million was repaid to investors, $3.5 million was lost in trading accounts, and $900,000 was paid for personal type payments. As a result, it is alleging that they traded without registration and violated prospectus requirements and, “… engaged in a course of conduct that they knew or reasonably ought to have known would result in a fraud…” None of the allegations have been proven. The OSC issued a temporary cease trade order against the three respondents back in December 2011. The new hearing will consider whether to extend the temporary order, and whether any other sanctions may be warranted. BCSC sanctions founders, companies in failed insurance venture Keywords Illegal distributionsCompanies Ontario Securities Commission
Related Polar has announced a strategic partnership with i-tri, a community-based program ‘fostering personal empowerment through triathlon training for middle-school girls.’Through this partnership, i-tri girls will train with Polar heart rate monitors to incorporate the technology component of STEM learning into their curriculum. Polar adds that the data-based training will educate girls on the physics and biology of their bodies during exercise while providing real-time, personal data to continue training motivation and boost self-esteem.As a part of i-tri’s integrated STEM-based curriculum, The Science of Triathlon, the girls will also be part of a study to determine the effects of technology on their training process.“Polar’s partnership with i-tri is a major step in empowering adolescent girls to be active and understanding from a young age how real-time data is a reflection of what goes on inside our bodies,” said Tom Fowler, President of Polar US.“We believe that data is a major motivating factor for athletes of all ages, and we look forward to further promoting that inspiration and providing resources to help. Introducing an active lifestyle early is key for encouraging healthy habits throughout adulthood, and we support i-tri’s mission of personal empowerment through sports, science and education.”Since its formation in 2010, i-tri has reported educational gains, specifically in science, from girls who were in the program. With the Polar partnership, girls can take their learning a step further by analyzing their own data. By giving girls a goal of completing a triathlon, i-tri notes that it is also boosting confidence by giving them the physical and mental tools to achieve that goal.“Because of their long-standing history of accuracy, Polar was the clear choice when we decided to partner with a sports technology company,” said i-tri Founder and Executive Director, Theresa Roden.“After training for and completing my first triathlon in my thirties, I saw more than just a physical transformation – I saw the way it positively affected me from an emotional and self-esteem standpoint, and I wanted to create a community to foster those same goals for girls in their formative years.“We are confident that the technologies Polar offers will help do exactly that while also helping to create the next generation of engineers and scientists in the process.”www.itrigirls.org/polarwww.polar.com
The growth of alternative business structures has accelerated the need for statutory regulation of third-party litigation funding, a business lobbyist claimed today.Mary Terzino, from the US Chamber Institute for Legal Reform, said conflicts of interest were ‘inherent’ if law firms and funders had shared ownership under an ABS.Terzino said the need was now greater than ever to ditch the voluntary code set up in 2011 and protect clients whose cases are funded by third parties.She said the industry was now worth £1bn worldwide but the UK and US had little statutory power to safeguard clients. ‘There are 25 funding companies in England and Wales but the Association of Litigation Funders [which adheres to the voluntary code] has only nine members,’ said Terzino, who was speaking at today’s Westminster Legal Policy Forum.‘The voluntary code of conduct carries a lot of important safeguards but the only penalty for a breach is to be removed from the ALF – it is completely toothless for those who are not members.’She added: ‘There remains a real potential for conflicts of interest, most significantly in England and Wales with looser rules about who can own law firms.’Terzino was accused by audience member Michael Napier, chairman of Harbour Litigation Funding, of opposing third-party funding because it helped clients sue members of her organisation.Leslie Perrin, chairman of the Association of Litigation Funders, said judges would act if cases are being run badly on purpose, and it was ‘implausible to say regulation will do any better than self-interest does’.In his earlier address, Perrin said he saw ‘no prospect’ of statutory regulation and that the voluntary code was working. ‘It is extraordinary to think that a government would want to regulate purely commercial arrangements between purely commercial entities. I’m pretty bullish about the survival of voluntary regulation.’Professor Rachael Mulheron, a member of the Civil Justice Council which drew up the code in 2011, said ‘nothing has changed’ since that time to necessitate reform.
SPAIN: The Ministry of Development has awarded contracts totalling €205m for a connection between the Valencia – Barcelona route and the Madrid – Barcelona high speed line, replacing single track through built-up areas between Vandellós and Tarragona.A joint venture of FCC Construcción, Copasa and Coalvi has been awarded a tracklaying contract worth €1298m. The route will be 1668 mm gauge as far as a gauge-changing facility near a new Tarragona Central station, with a 2·3 km spur to the existing Reus – Tarragona route. Electrification is to be undertaken by Cobra, Elecnor and SEMI for €548m. Four substations will be required for the 1668 mm gauge line electrified at 3 kV DC, while the standard gauge section has been designed for 25 kV. Azvi and Copisa will build a €204m station at Cambrils on a viaduct 126 m across, widening to 28 m in the station area to accommodate two platforms.
Share Share Sharing is caring! LocalNews Official funeral for former House of Assembly speaker by: – March 22, 2013 14 Views no discussions Share Former Speaker, Ossie Symes. Photo credit: The Sun NewspaperFormer speaker of the House of Assembly, Ossie Symes will be afforded an official funeral on Monday, March 25th at the St. Alphonsus Catholic Church in Goodwill.Mr. Symes, 75, died of heart complications at the Princess Margaret Hospital on March 12th.The Dominica Government has declared a day of mourning and all flags are to be flown at half-staff on all public buildings on Monday. The official funeral service will commence at 3pm and viewing of the body will be from 2:45pm.Official mourners include the President, the Prime Minister, Speaker of the House of Assembly and members of Parliament.Mr. Symes served as speaker, between 1995 and 2000 and also held several positions in the public service. He was accountant general, director of audit, permanent secretary in various ministries and chief establishment officer.He also served as secretary to the Public Service Commission and was chairman of the Job Classification Appeals Committee; he was an active member of the former Civil Service Association. In 2007 he was nominated by the Union and accepted to serve as a member of the Public Service Commission. He was also recognized by the Union in 2010.Dominica Vibes News Tweet
The Premier League side face an uphill task getting to the quarter finals of the competition following their 2-0 home loss to PSG last night.Dagbladet have reported on comments Thorstvedt made in the aftermath of Ole Gunnar Solskjaer’s first loss as Manchester United boss: “There was a class difference. They were sometimes outplayed by PSG.”Asked if the English club could go through the Norwegian said: “Zero.”Embed from Getty ImagesWith Paul Pogba ruled out of the second leg in Paris due to his sending off, and injury concerns for Anthony Martial and Jesse Lingard, it’s no wonder the former Tottenham man thinks Manchester United will struggle to get past PSG.Solskjaer’s side were still in the game before the injuries to Martial and Lingard and the introduction of Alexis Sanchez and Juan Mata made a big difference.The pair now face a race against time to make the next leg in three week’s time.NDby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayForge of Empires – Free Online GameChallenge Your Brain With This Must-Play Strategy Game. No Install.Forge of Empires – Free Online GameUndoRaid: Shadow Legends | Free DownloadEven Non-Gamers Are Obsessed With This RPG Game (It’s Worth Installing!)Raid: Shadow Legends | Free DownloadUndoDating.comWhere do attractive singles find each other in Tung Chung?Dating.comUndoPerfect-Dating.comReveal Tung Chung As The Best City to Date for Love & RomancePerfect-Dating.comUndoKeto减肥1個簡單的妙招一夜「融化」腹部贅肉（今晚試試）Keto减肥UndoCNBC InternationalHere’s How Big Businesses in Singapore Are Managing the Impact of COVID-19.CNBC InternationalUndo熱門話題小心會長過頭…網友推爆:「真的長得超誇張!」熱門話題UndoSingles50Hong Kong: A 40+ Dating Site That Actually Works!Singles50UndoCoworking Space | Search AdsThe cost of shared office in Hong Kong might surprise youCoworking Space | Search AdsUndo Former Tottenham Hotspur goalkeeper Erik Thorstvedt has told the Norwegian media Manchester United have no chance of making it to the next round of the Champions League.