FINRA compliance report focuses on suitability

first_img SEC examines rules for inter-fund trading Share this article and your comments with peers on social media Related news Keywords ComplianceCompanies Financial Industry Regulatory Authority Suitability for retail customers, fixed income mark-up disclosure, reasonable diligence for private placements and abuse of authority are the top concern flagged in the 2018 Report on FINRA Examination Findings published Friday.The report from the U.S. Financial Industry Regulatory Authority (FINRA) details the results of its latest round of compliance exams. The report doesn’t include any quantitative data on the exams’ findings, but it does highlight the regulator’s observations of key compliance concerns based on their potential significance, frequency and impact on investors. Specifically, the exams uncovered situations where reps “did not adequately consider the customer’s financial situation and needs, investment experience, risk tolerance, time horizon, investment objectives, liquidity needs and other investment profile factors when making recommendations; in others, they failed to take into account the cumulative fees, sales charges or commissions,” FINRA says in the report.Additionally, FINRA found unsuitable recommendations that involved complex products, and over-concentration in illiquid securities and risky investment strategies; among other things. In addition, the industry self-regulatory organization “remains concerned about recommendations of unsuitable mutual fund share classes,” the report says.The report highlights inadequate due diligence on products as a “common contributor” to the suitability failings found in the exams..Alongside suitability, the exams found issues with disclosing fixed income mark-ups; due diligence for private placements; and industry reps abusing their authority in situations where they have discretionary trading authority, and where they act as trustees, executors, or hold powers of attorney for clients.The report also underscores good practices that FINRA observed at some firms to prevent and address possible compliance problems.“One of our core priorities is to provide firms with information that will help them more easily comply with rules and regulations, and this report aims to do just that,” says Robert Cook, CEO of FINRA, in a statement. “We hope the observations within the exam findings report enable firms to strengthen their own control environments and address potential deficiencies before their next exam.” Regulators aim to root out pandemic-driven liquidity issues Facebook LinkedIn Twitter business people standing in line under a magnifying glass aleutie/123RF James Langton Conflicts, crypto, cyber risk: the year ahead in compliancelast_img read more

May Day Basic School Handed Over to Community

first_imgMay Day Basic School Handed Over to Community UncategorizedSeptember 22, 2006 RelatedMay Day Basic School Handed Over to Community RelatedMay Day Basic School Handed Over to Community Advertisementscenter_img FacebookTwitterWhatsAppEmail The May Day Basic School in Mandeville, which was recently upgraded by the Jamaica Social Investment Fund (JSIF), was officially handed over to the community on Thursday (Sept. 21).Three-year old Justin Stewart had the privilege of unveiling the plaque at the handing-over ceremony, which was attended by students, teachers, parents and community members.The project, was concluded in February at cost of more than $6.2 million, and involved the construction of a classroom with a movable partition, as well as sanitary facilities and a play ground equipped with slides and swings for the students. Additionally, the kitchen was renovated and repairs done to the roof and ceiling.Of the total funding, some $5 million came from the International Bank for Reconstruction and Development, and the May Day Citizens Association provided approximately $1 million.Principal of the institution, Winsome Barnaby, told JIS News that “today is really another milestone in the life of May Day Basic School. I am excited and thrilled about the great work that JSIF has done in this community,” adding that, “I am sure that not only the children will benefit but the wider community will benefit”.Rev. Wayne Vernon, who was the guest speaker at the function, said “we as a community must recognize that our youth are depending on us, and if we recognize that, then we will try to put in place the kinds of things that will impact our young people”.He reasoned that, if May Day can take on a project to build a basic school, I believe that if the citizens stretch their imagination and challenge the process a little bit, we can do other things that will cause other countries in the world and other communities to model us”.JSIF Board Member, Carina Cockburn, said “I think . that we would all agree that if children are to learn to the best of their abilities they must be provided with the resources to do so, and if our nation is to survive it is very important that our children are properly educated.”Little Tameka Ranger, a student of the school said: “I love JSIF because they build a new school for me and they are doing well”.The May Day Basic School founded by Israel Pryce, began in the late 1950’s at the Canaan Church of God and was later moved to the community centre, its present location.The institution’s 45 students and two teachers will benefit from the rehabilitation and expansion works. RelatedMay Day Basic School Handed Over to Communitylast_img read more

Ministry of Justice Spends $15 Million on Legal Aid Week-End Counsels Project

first_imgMinistry of Justice Spends $15 Million on Legal Aid Week-End Counsels Project JusticeFebruary 18, 2009 RelatedMinistry of Justice Spends $15 Million on Legal Aid Week-End Counsels Project Advertisements RelatedMinistry of Justice Spends $15 Million on Legal Aid Week-End Counsels Projectcenter_img RelatedMinistry of Justice Spends $15 Million on Legal Aid Week-End Counsels Project FacebookTwitterWhatsAppEmail The Ministry of Justice will spend approximately $15 million this year, on pilot projects supporting the implementation of the Weekend Duty Counsel programme, as part of the Legal Aid system.Attorney General and Minister of Justice, Senator Dorothy Lightbourne, told the Senate on Friday that the Legal Aid Council has started to implement the programme, to strengthen access and increase use of the Legal Aid system.Five police stations in the Kingston Metropolitan Area (KMA) – Hunts Bay, City Centre, Half-Way-Tree, Constant Spring and Greater Portmore – are piloting the project.“The Ministry will spend approximately $15 million on these pilots,” Senator Lightbourne said, as she made her contribution to the State of the Nation Debate on February 13.“Our citizens must be afforded access to justice, if they can’t afford it for themselves. This Government believes in that and we will deliver,” she promised.Miss Lightbourne further noted that a policy will be developed to cover the means test that clients undergo.“Clients for legal aid are assessed on the basis of means or more simply, their ability to pay. The Executive Director of the Legal Aid Council makes monthly visits to the Courts to establish the level of consistency with which means tests for clients are being administered. The Council will use the information garnered to assist the formation of policy in this area,” she said.Miss Lightbourne also reaffirmed the Government’s commitment to provide citizens with access to justice.“This Government is committed to providing its citizens with access to justice when their rights have been violated. The Ministry of Justice therefore recognises that a functioning legal aid system is crucial to the protection of the rights of all Jamaican citizens”, she states.last_img read more

RGD to Employ Authorised Vendors

first_imgRelatedRGD to Employ Authorised Vendors RGD to Employ Authorised Vendors Health & WellnessApril 1, 2009 The Registrar General’s Department (RGD), which celebrates 10 years as an Executive Agency, on Wednesday (April 1), has spawned a business opportunity for 200 persons who wish to participate in the valuable work it is doing, to provide vital documentation for Jamaicans here and abroad. This comes in the form of authorised vendors, or cyber vendexors Advertisementscenter_img RelatedRGD to Employ Authorised Vendors RelatedRGD to Employ Authorised Vendorslast_img

Dine & Discover program extended

first_imgDine & Discover program extended Wentworth ShireService NSW is pleased to announce that the NSW Government’s Dine & Discover NSW scheme has been extended by one month until 31 July 2021.This is to give NSW residents aged 18 and over more time to use all their vouchers while dining out or trying a new activity this winter, including during the upcoming school holidays. Dine & Discover NSW has proven very popular and has played a valuable role in supporting businesses and reviving consumer confidence.It’s not too late for businesses to register and customers are encouraged to sign up and redeem their vouchers before they expire on 31 July.The vouchers can only be used at eligible businesses that have a COVID Safety Plan in place and are registered as COVID Safe. /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:Discovery, Government, local council, NSW, Safety, school, Wentworthlast_img read more

Ianiello connects on game winner; Penfield rallies to beat McQuaid

first_imgIaniello connects on game winner; Penfield rallies to beat McQuaid added by Paul Gotham on May 18, 2021View all posts by Paul Gotham →FacebookTwitter分享by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksSponsor ContentAirPhysioThis All-Natural “Lung Cleaning” Device Helps Anyone Breathe EasierAirPhysioTop Expat InsuranceExpat Living in Hong Kong without Health Insurance?Top Expat InsuranceBabbelWhy Millennials Are Using Their Phones To Learn A Language In 3 WeeksBabbelby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksMore from Pickin’ SplintersBaron keeps Bonaventure close to his heart – Pickin’ SplintersTah-Jae Hill, Zion Morrison and the Starting Five – Pickin’ Splinters”If you had a Mount Rushmore of MCC baseball, he’s on there.” Longtime assistant Jack Christensen passes away – Pickin’ Splinters By Paul Gotham on May 18, 2021No Comment Connect on Linked in Subscribe by Email Share on Facebook This site uses Akismet to reduce spam. Learn how your comment data is processed. Ianiello connects on game winner; Penfield rallies to beat McQuaid center_img Add to Google+ Print This Post Nick Ianiello delivered the game-winning RBI with a one-out single in the sixth inning as Penfield defeated McQuaid, 2-1.By PAUL GOTHAM PENFIELD, N.Y. — Nick Ianiello was (as his teammates said) “in his element.” Fifteen minutes or so after the final pitch had been thrown, Ianiello was going through the daily routine of pulling a steel mat drag over the infield of the Penfield High School diamond.A young man taking the time to prepare the field for the next day while collecting his thoughts of what had just taken place.Ianiello’s one-out RBI single capped a sixth-inning rally as Penfield defeated McQuaid Jesuit, 2-1 in non-league action.After Penfield had managed just one hit through five innings off McQuaid starter Daniel McAliney, Ianiello’s single was the third of three straight base hits.“I’m glad we pushed those runs across,” he said. “That was the time to do it. Definitely the time to do it.”Having flied out in the first and grounded out on a comebacker in the fourth, Ianiello’s one-out single to left proved to be the game-winner.“I was hunting fastball and he left one there,” he explained. “I was able to find a barrel.”Peyton Pace scored on the play. The Penfield shortstop had reached earlier on a one-out single and scored from second on Ianiello’s hit.“I got a good jump on it,” Pace said of his read on the ball. “I knew how deep the outfielders were playing because they all have strong arms. I knew it wasn’t getting to them.”Jack Josephson pitched two innings in relief to pick up the win. The right-hander retired all six of the batters he faced. He struck out the side in the seventh getting the first two batters looking at curveballs before ending the game with a fastball.“It’s what I do,” Josephson said of his breaking ball. “I throw it in 3-2. I throw it in any count. It’s huge. It’s hard like a fastball, but it’ll drop right off the table. It’s very difficult to pick up.”Matt Mady reached on an error to lead the bottom of the sixth.  Penfield starter, Gage Ziehl knotted the game with a one-out single that scored pinch runner Andrew Olson.“When I saw that ball come off my bat, it was a sigh of relief,” Ziehl said. “My last game was an exception, but the games before that I haven’t been hitting it great. My teammates stepped up and got us going in that inning.”The last time these two teams met was the 2019 Section V Class AA final. McQuaid won that game, 7-1. Tuesday’s game, though played in mid-May, had a post-season feel. With CDC guidelines allowing for larger outdoor gatherings, fans filled the sidelines along right and left field lines. MLB scouts, as they have for his previous two starts, were there to watch Ziehl.Ziehl, then a sophomore, was the starter when McQuaid beat Penfield at Frontier Field in the 2019 final. McQuaid also knocked off the Patriots in the 2018 semi-finals. Ziehl was a freshman on that team.“Finally,” the University of Miami commit said after Tuesday’s win. “Every time against McQuaid it’s a good rivalry game. We got the best of them this time, finally. It feels great. My boy, Matt Mady got us started. He hit that ball hard. He got us going.”For four innings, Ziehl and McAliney locked horns. Both limiting the opposing order to one hit and one walk without allowing a run.McQuaid struck first. Ed Hall connected on a one-out single to center in the top of the fifth. After a balk and wild pitch, CJ Phelps brought home the game’s first run with a two-out single to right center.“We know McQuaid is the standard,” Penfield head coach Nick Marcin said. “That’s why we wanted to play them this year and see how we measure up. It was good because we got a lot of seniors but there are still a lot of first-year varsity players. Facing (Rush-Henrietta starter Chris) Sleeper (last week) under the lights was a big game. But for most of the guys this was the biggest game they’ve played in other than the five guys that were in the championship game. It’s great experience for them against an outstanding team.”In that game against Sleeper, a West Virginia University commit, Ianiello finished 2-for-4 with a double, home run, two runs scored and two RBI in a 5-0 win.“He’s just a grinder,” Marcin said of Ianiello. “He’s one of those guys that is going to learn from every at-bat. You got a lot of confidence in him that second or third time through the order that he’s going to make adjustments. He’s finding a way to get big hits when we really need him.”The win was the second straight for Marcin’s squad which improved to 9-1 on the year.“I’ve never been more proud of a team,” said the seventh-year head coach who has been in the Penfield program for 16 years. “I felt that way even when we were losing one-nothing. I thought if this game ends one-nothing, I’m going to tell them it’s as proud as I’ve ever been of a team. The way they competed. It’s the cherry on top to get the come-from-behind win.”Penfield plays at Spencerport on Wednesday.McAliney fell to 3-1 on the season. The SUNY Binghamton commit struck out seven for the Jesuit Knights.McQuaid (9-2) travels to play Corning (IV) on Wednesday. Leave a Reply Cancel ReplyYour email address will not be published. Follow on Facebooklast_img read more

News / To fly again, Centurion Air Cargo must provide ‘evidence of fitness to operate’

first_img© Ivan Cholakov By Alex Lennane 10/01/2018 The US Department of Transport has called on Centurion Air Cargo to provide evidence of its ‘fitness to operate’ before it can resume service.Last month, Miami-based Centurion applied for a waiver of the revocation-for-dormancy provisions for an initial period of three months, until March 30, 2018.It said it intended to resume operations under the same ownership and in “substantially the same fashion” as before.It argued that although it was not able to “complete the necessary steps” before the December 31 2017 deadline, it held the relevant certificates to operate.It added that owner Alfonso Rey and his management team – which have continued to operate sister carrier Sky Lease Cargo – have, during the dormancy, “been considering the best operating structure to support their long-term customers. They have concluded that it is financially prudent, and will benefit customers, to bring Centurion’s manuals and procedures up-to-date and resume its own operations as a complement to those of Sky Lease”.It also continues to hold FAA authority to operate.However, the DoT responded by noting that Centurion had not provided “any of the fitness information required”.It said: “Generally, it is not our practice to grant requests for extensions from the provisions … unless the applicant has provided evidence that it still meets the department’s fitness criteria and that it completed nearly all the steps to recommence operations (ie, has the necessary personnel, financial resources, aircraft, and FAA operating authority).“Although Centurion states that it still has access to a management team and substantial funding, it did not provide evidence to demonstrate it still meets the department’s fitness criteria or that it is taking necessary steps to return its FAA-issued operation specifications to a level which would allow it to resume operations.”The DoT added that it was unable to issue a positive fitness finding.However, it gave the carrier three months to provide the evidence required, which would allow it to resume operations. If, however, the evidence is not received by March 30, the DoT intends to “proceed with the revocation of Centurion’s economic authority for reason of dormancy”.Sky Lease, which has two 747Fs and one MD-11F active on its books, appears to be operating just one of each, according to the latest flight data. It has also been using Centurion’s 747-400F. One of Centurion’s two MD-11Fs, meanwhile, flying on behalf of Sky Lease Cargo, suffered damage at the end of November after landing at Sacramento Mather, when a wing tip hit the runway in low visibility conditions.Centurion had a strong perishables business between Miami and Amsterdam, but Sky Lease appears to be focusing for now on the Latin American market. Its website is currently “under maintenance”.last_img read more

Swiss Government Excellence Scholarships for Foreign Scholars and Artists for the 2019-2020 Academic Year

first_img Tweet Similar Stories Deadline: September 2018-December 2018 (varies from the country)Open to: young researchers from abroad who have completed a master’s degree or PhD and foreign artists holding a bachelor’s degreeBenefits: different types of scholarship according to countryDescriptionEach year the Swiss Confederation awards Government Excellence Scholarships to promote international exchange and research cooperation between Switzerland and over 180 other countries. Recipients are selected by the awarding body, the Federal Commission for Scholarships for Foreign Students (FCS).The Swiss Government Excellence Scholarships are aimed at young researchers from abroad who have completed a master’s degree or PhD and at foreign artists holding a bachelor’s degree.EligibilityThe research scholarship is available to post-graduate researchers in any discipline (who hold a master’s degree as a minimum) who are planning to come to Switzerland to pursue research or further studies at doctoral or post-doctoral level.Research scholarships are awarded for research or study at all Swiss cantonal universities, universities of applied sciences and the two federal institutes of technology. Only candidates nominated by an academic mentor at one of these higher education institutions will be considered.Art scholarships are open to art students wishing to pursue an initial master’s degree in Switzerland.Art scholarships are awarded for study at any Swiss conservatory or university of the arts. This scholarship is available to students from a limited number of countries only.ScholarshipCheck the application deadline and the different types of scholarship on offer. These vary according to country. You will also find details of what to do next and where to get more information.How to apply?For more details about the application procedure, firstly, please select your country here (A-L) or here (M-Z).For further information please visit the official website. Swiss Government Excellence Scholarships for Foreign Scholars and Artists for the 2019-2020 Academic Year Pocket LinkedIn 0 MA and Doctoral Scholarships at the Central European University Share 0 Masters in Risk and Emergency Management, Italy University of Edinburgh Master’s Scholarships ← British Council #IdeasChangeLives Challenge +1 Reddit October 17, 2018 Published by Leonarda Commonwealth PhD Scholarships (for low and middle income countries) →last_img read more

Change in approach: Medical education

first_imgThe health of a nation depends on its most important asset called “Human Being”. If a nation wants to excel socially, economically, then it should take care of the well-being of every human being that will bring glory to the nation. Best medical facilities and education paves the way for the prosperity of a nation. We as Indians have to work a lot on medical education and facilities even after 70 years of freedom.Let us first know about the medical colleges our nation has built and how it is influencing each class of society.In 1950, we had 28 medical colleges and by 2014, the colleges increased to 384, means in 64 years, 355 colleges are built.2014 to till date, 148 colleges built and 75 new colleges are approved to be built in the next couple of years.In a reply to a query in Loksabha in March 2020, health and family welfare minister, Ashwini Kumar Choubey said, NEET (National Eligibility Cum Entrance Test) is the only entrance examination for admission to as many as 82,926 MBBS, 26,949 BDS, 52720 AYUSH and 525 BVSc and AH in 542 and 313 medical and dental colleges respectively. 82,926 medical seats are offered in 541 MBBS colleges, which include 278 government and 263 private institutes. Surprisingly, the first time in the history of independent India, the number of government colleges has surpassed a number of private colleges.The current government is seriously working on to bring exponential changes in the field of medical education that should have also been taken care of in the first 65 years of independence. This least absorbed sector by earlier governments has resulted in demotivation, caused stress among our students at the same time a huge financial burden on parents. seeing the competition, donation and total expenses of medical education owing to less number of seats, It is difficult for the bright students from a middle class, Neo middle class and poor families to think and venture to study to get admission to Medical college. If colleges and systems were developed at the same pace as developed after 2014, we would have seen a healthier India.This has severely affected the medical facilities and number of doctors and hospitals in India, the situation of medical facilities in the rural area is pathetic though the current government has initiated many reforms and infrastructure development, however, it will take time to see the effect on the ground.The number of AIIMS (All India Institute of Medical Science) has been increased from 7 till 2014 to 15 by 2019 and few more are under construction.The Indian government is consequently pushing for extensive reforms in medical education. In August 2019, it succeeded in getting through parliament a major reform package, the National Medical Commission Bill, 2019— a milestone achievement to “curb avenues of corruption and boost transparency, accountability and quality in the governance of medical education.” This reform will “increase the number of medical seats and reduce the cost of medical education. This means more talented youth can take up medicine as a profession and this will help us increase the number of medical professionals.”Indeed, the National Medical Commission (NMC) bill introduces substantial changes and is expected to have a major impact on our medical system. It has replaced the corruption-plagued Medical Council of India (MCI), the country’s regulatory body for medical education for the past eight decades, with a more centralized national commission. It will also revamp medical licensing procedures and enshrine several recent reform initiatives, such as the standardization of admission requirements at medical schools nationwide.One of the most pressing problems in India’s severe shortage of medical doctors. According to the World Health Organization, the country has only 7.8 registered medical doctors per 10,000 people, compared with 18 doctors per 10,000 people in China, 21 in Colombia, and 32 in France. What’s more, not all registered doctors in India are actively practising, and many are poorly trained. Consider that the majority of allopathic (science-based) practitioners in the country—57 percent—lack a formal medical qualification.While the country’s medical education system now produces more than 64,000 graduates in allopathic medicine a year, that number is insufficient to keep up with demand. Shortages are further exacerbated by the outmigration of many of India’s most qualified doctors, a pattern that makes India the largest supplier of migrant physicians in the world. More than 10 per cent of international medical graduates certified by the U.S. Educational Commission for Foreign Medical Graduates, for instance, are Indian nationals. In the United Kingdom, likewise, Indian doctors are the largest group by far to have earned their medical qualifications overseas.Fixing India’s broken health care system is a priority of the Indian government. In 2018, PM Narendra Modi launched, with much fanfare, a new public health insurance program (Ayushman Bharat), colloquially known as “Modicare.” The program is supposed to automatically cover hospitalization costs of up to 500,000 INR per year, per family for the poorest 40 per cent of Indian society—some 500 million people—and establish 150,000 health and wellness centres throughout India.New Education Policy will also aid in a research-oriented approach in the medical field. Though late, however, we are moving in the right direction to better ourselves in the medical field.last_img read more

Preliminary tallies have Wilbeck, Egan, and Burke winning Bayonne BOE contest

first_img Facebook Twitter TAGS2019 bayonne board of educationcharles ryanDenis Wilbeckjan eganlisa burkemelissa matthewstogether we can SHARE Share on Facebook Tweet on Twitter By John Heinis – November 6, 2019 2:17 pm 0 Bayonne BayonneElections Bayonne RELATED ARTICLESMORE FROM AUTHOR Previous articleIdentity of woman found in Hudson River ‘unknown at this time,’ authorities sayNext article2019 General Election: The biggest winners and losers in Hudson County John Heinis Bayonne Preliminary tallies have Wilbeck, Egan, and Burke winning Bayonne BOE contest While the results still aren’t finalized, preliminary tallies indicated that Bayonne Board of Education Vice President Denis Wilbeck was re-elected, with Jan Egan and Lisa Burke, of the “Together We Can” slate, joining him on the school board. By John Heinis/Hudson County ViewWilbeck, who ran on the “Commitment, Experience, Integrity” slate with Trustees Charles Ryan and Carol Cruden, is currently leading comfortably, with 2,030 votes, but from there the results are pretty close.Egan currently sits at second place with 1,789 votes in his favor, with Burke right behind him with 1,786.Ryan is in fourth place with 1,717, followed by Cruden with 1,674. While all the machine votes have been tallied, the Hudson County Clerk’s Office is still counting provisional ballots.The Together We Can slate was backed by Mayor Jimmy Davis and entire city council, who also played a role in leading Neil Carroll III to a victory in the 1st Ward special election yesterday. CarePoint Health reaches deal for Cigna Health Insurance to join their network Bayonne man pepper sprayed, arrested after punching cop in the face, authorities say Bayonne man busted with cocaine, heroin, semi-automatic handgun after fleeing from copslast_img read more