U.S. securities regulators have sanctioned three investment advisory firms for repeatedly ignoring problems with their compliance programs. The U.S. Securities and Exchange Commission (SEC) said Wednesday it sanctioned three firms – Modern Portfolio Management Inc., Equitas Capital Advisers LLC, and Equitas Partners LLC – in settlements that will see them pay financial penalties and agree to hire compliance consultants. SEC examines rules for inter-fund trading The SEC says that the enforcement actions arise from its program that targets firms that have been previously warned by SEC examiners about compliance deficiencies but failed to effectively act upon those warnings. “The Compliance Program Initiative is designed to address repeated compliance failures that may lead to bigger problems,” said Andrew Ceresney, co-director of the SEC’s division of enforcement. “That risk materialized with these firms, whose compliance programs were not adequate to prevent misleading statements in marketing materials or inadvertent overbilling of clients. Firms must not only have policies and procedures in place, but also need to properly implement those policies and procedures,” he added. James Langton Regulators aim to root out pandemic-driven liquidity issues Related news Keywords ComplianceCompanies Securities and Exchange Commission Conflicts, crypto, cyber risk: the year ahead in compliance Share this article and your comments with peers on social media Facebook LinkedIn Twitter
EB14: Redesigned Arsis 10 speed Shifters from MicroShift, plus MTB thumb shifters and cassettesEB14: Redesigned Arsis 10 speed Shifters from MicroShift, plus MTB thumb shifters and cassettes
Another little bit that Microshift was quite proud of showing at the show were a set of bar end shifters indexed for Shimano 10 speed mountain groups. With a lot of alternative bikes being setup, for example drop bar bikes with Shadow rear derailleur and wide gear ratios, the bar ends offer more flexibility. Also offered with a bar top mount the shifters provide an interesting option for those building bikes outside the box. The rear shifters can be set to either 10 speed indexed or friction, and the front are friction only and can control a double or triple.We didn’t get pricing details, but outside of the new road shifters everything is already available from Microshift’s distributors with more info on their website. As for the road stuff, we might try to get a set in to review as an upgrade to an old drivetrain.Microshift.co.tw The President and VP of Microshift were on hand from Taiwan at Eurobike to show a few new key pieces of tech they have recently developed. The 15 year old company isn’t really known to truly challenge the Big 3 component manufactures (Shimano, Campagnolo, and SRAM), but they do offer a good quality line of products at what are usually much more down to earth pricing. Although the bulk of road (and some mountain) drivetrains have moved on to 11 speed at the high-end, Microshift just introduced a new set of 10 speed levers at the show. The new shifters, which will be available in their top, carbon Arsis group, as well their third-tier Centos group, finally make the jump to cable routing beneath your bar tape.The shape and function of the levers looks to borrow a bit from each of the Big 3, with a lever shape reminiscent of the previous generation of Campy, hoods that look a bit SRAM-ish and shifting that feels like a combo of Shimano and Campy. Take a look at the pics above, and if you like the looks of what they mash up, maybe they would make good replacements when you look to upgrade a lower-level group set.Jump past the break for a look at their carbon road derailleurs and MTB thumbies… The full Arsis group is designed to be direct replacements for Shimano groups, and are therefore compatible with Shimano 10 speed systems, letting you mix-and-match or get the whole group. Microshift targets Arsis at the Ultegra 6700 / Dura-Ace 7900 level and offers both front and rear derailleurs in options with either more or less carbon bits.An interesting addition from Microshift this year are new 10 speed cassettes in 11-28, 11-32, and 11-36 configurations. The 11-28 is available with the 5 big cogs on an aluminum carrier, or loose cogs as with the wider range. They will also offer a 9 speed 11-32. They might just be a much more affordable replacement option for keeping those older, but otherwise functional Shimano/SRAM groups running for another couple of years.
Amer Sports appoints Andy Towne as President of ApparelAmer Sports appoints Andy Towne as President of Apparel
Related Amer Sports, whose brands include Mavic, Salomon and Suunto, has appointed Andy Towne President of Apparel and member of Amer Sports’ Executive Board, starting on 11 October 2010.Amer Sports’ stock exchange release on the appointment notes that this latest move is in line with the group’s new strategic priorities – where it is targeting faster growth in soft goods and focusing on consumer-centric product creation.Jean-Marc Pambet, currently President of Apparel and Footwear, will continue as President of Footwear as well as President of Salomon. The appointment of Towne for the Apparel leadership position will allow Amer Sports to accelerate its growth plans in apparel, whilst the dedication of Mr Pambet to Footwear will allow increased focus and faster expansion of the group’s footwear business.Previously 44 year old Andy Towne had been working as the CEO at outdoor clothing specialist Musto. Prior to that he has served at Reebok International as Vice President, Marketing and Product Europe and at Helly Hansen as Vice President, Global Marketing and Product. Towne holds a MA degree from the University of Cambridge.In September 2010, Amer Sports announced new strategic priorities. The strategy defines internal financial as well as synergy and scale targets for each unit in the group portfolio. The strategy emphasizes ‘faster growth in apparel and footwear, excellence in consumer-centric product creation and brand marketing, and strengthening commercial fundamentals through sales and channel management. Operational excellence continues to be a key cornerstone.’Amer Sports is pursuing faster growth in soft goods by moving to category-based development across brands to build scale in soft goods R&D, product line management, sourcing and manufacturing.www.amersports.com
On January 29th 2020, Stabroek Sport published an article headlined ‘UDFA clubs suspended, fined in absentia’, which stated that the Upper Demerara Football Association (UFDA) had suspended and fined Eagles United and Botofago Football Clubs for one year and fined $50,000 each for their non-participation in the year-end competition. Stabroek Sport wishes to issue an official retraction. The suspended club was in fact Blueberry Hill and not Botofago. Stabroek Sport apologizes to the members and supporters of Botofago Football Club for the aforementioned typographical error and possible damage the mistake could have caused.
Ghana youth international Emmanuel Agyemang Badu is unsure about his club future with Asante Kotoko after his one-year loan deal expired.The 19-year-old old is currently on a training tour with the Black Satellites in Qatar ahead of the Fifa World Youth Championship in Egypt later in the month.He made few appearances on loan at the club due to injuries and had fall-out with then head coach Isaac Opeele Boateng.The combative midfielder who joined Kotoko from Berekum Arsenals has held talks with the management team of the club.Agyemang-Badu rose to prominence when he helped Ghana’s Under-20 team to win the African Youth Championship.He signed a deal relegated Spanish side Recreativo Huelva but terminated his contract after the club decided to slash his signing on fee of US$ 30,000. Source: ghanasoccernet.com