BCSC alleges analyst engaged in illegal insider trading, tipping

first_imgJames Langton ASIC ready to make deals with devils FINRA bans analyst for insider trading Securities regulators in British Columbia have brought further allegations of illegal insider trading in connection with B.C.-based Baja Mining Corp. Last month, the B.C. Securities Commission (BCSC) settled with an accountant at the company who sold shares in the firm after learning that it’s only mine project was way over budget, but before the cost overrun was publicly disclosed. In that case, the accountant agreed to pay $24,350 to the BCSC, and to be prohibited from trading in any issuer with whom he is in a special relationship for three years. SEC alleges man sold insider trading tips on dark web On Friday, the BCSC the the commission issued a notice of hearing alleging that an analyst for a global institutional investor, who was also in a “special relationship” with the company tipped his sister about the cost overruns, and engaged in illegal insider trading. Specifically, it alleges that Hon Seng Lum (also known as Victor Lum), an analyst at Mount Kellett Capital (Hong Kong) Ltd., advised his sister, May Lee Chan Lum, to trade in shares of Baja when he became aware of the cost overrun on Baja’s Boleo copper mine project, and before the news was publicly announced. The commission alleges that May Lum sold half of their position in Baja (182,500 shares) through a Singaporean brokerage account of a company that she controlled, which was based in the British Virgin Islands, “thereby concealing Hon Seng’s connection to the trades.” The BCSC alleges that Hon Seng “breached securities laws by using material information that had not been generally disclosed to trade securities”; and that their conduct is contrary to the public interest. The allegations have not been proven. An appearance to set dates for a hearing into the allegations is slated for September 2.center_img Related news Share this article and your comments with peers on social media Keywords Insider trading,  TippingCompanies British Columbia Securities Commission Facebook LinkedIn Twitterlast_img read more

81 coronavirus cases confirmed in Santa Monica since May 1, with growth slowing each week

first_img Bernice G says: 2 Comments May 22, 2020 at 3:51 PM May 23, 2020 at 10:07 AM HomeFeatured81 coronavirus cases confirmed in Santa Monica since May 1, with growth slowing each week May. 22, 2020 at 2:22 pmFeaturedNews81 coronavirus cases confirmed in Santa Monica since May 1, with growth slowing each weekMadeleine Pauker1 year agocoronavirusCOVID-19The beach bike path reopened this week, but piers, boardwalks and beach parking lots remain closed. (Matthew Hall) Eighty-one new COVID-19 cases have been confirmed in Santa Monica since May 1, with 42 new cases confirmed in the first week of May, 29 in the second and 10 in the third.The city now has 245 confirmed cases and 16 deaths. There have been 168 cases and 26 deaths among residents and staff of Santa Monica nursing homes.Santa Monica’s death rate adjusted for its age distribution is 12.4 per 100,000 people, the second-highest death rate among Westside cities, according to a county data dashboard.Culver City has a death rate of 23 per 100,000 people, Beverly Hill’s rate is 7.8, West Hollywood’s is 7.3 and Malibu’s is 4.5.Across Los Angeles County, the number of confirmed cases has surpassed 43,000 and more than 2,000 people have died from COVID-19, Public Health Director Barbara Ferrer said Friday.The number of people hospitalized has dropped slightly each day over the last two weeks to roughly 1,500, she said. More than 412,000 people have been tested and 9% have tested positive.More than 9 in 10 people who have died from COVID-19 had underlying health conditions, and more than 5 in 10 resided in nursing homes.Ferrer said 1 in 3 county residents have conditions that would put them at greater risk of dying from COVID-19 and those residents should continue to stay at home as much as possible even as the county reopens.People living in poor communities are four times more likely to die from COVID-19 compared to people living in affluent communities, Ferrer said.Poor areas have a death rate of 41 per 100,000 people and wealthy areas have a death rate of 11 per 100,000 people.She said although the number of Native Hawaiians/Pacific Islanders who have died from COVID-19 is small, they have by far the highest death rate of any ethnic group at 100 per 100,000 people.African Americans and Latinos have death rates of 26 and 22, while the death rate is 16 for Asians and 13 for whites.“The data remains deeply disturbing and it will require a lot of collaboration and work with our partners to address these inequities,” Ferrer said.She asked county residents to wear face coverings at all times and maintain at least six feet of space from others if they choose to visit outdoor spaces this holiday weekend.Whether people continue to take precautions against infection will determine how many new cases, hospitalizations and deaths the county sees in a few weeks from now, Ferrer said. She said the county has been able to trace some new outbreaks to parties and gatherings held over the last couple of weeks.“Gatherings and events of any kind are still not permitted,” she said. “The virus has not changed and it is still relatively easy to become infected.”[email protected] :coronavirusCOVID-19share on Facebookshare on Twittershow 2 comments Mike M says: center_img Noma property owner shoots man who entered vacant houseSan Francisco sanctions once-shunned homeless encampmentsYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall6 hours agoNewsCouncil picks new City ManagerBrennon Dixson17 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter17 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor17 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press17 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press17 hours ago Good news about cov 19 slowing down, But, it may not continue if people on the bike bath do not wear masks. Lovely picture, but sends the wrong message!!!!!!!!!!!!! How are we going to contain Coronavirus if we can not get people to stop walking on the bike path like in the picture. Comments are closed.last_img read more

Man Impaled Through Groin On Fence

first_imgUNITED KINGDOM — A reveller at a Worcester nightspot became impaled on a metal fence after he had tried to climb over it. The 22-year-old man had been trying to get into the Bushwackers nightclub in the Cross, when the incident happened after midnight this morning.Click here to read full story.last_img

Sex Tips for Straight Women from a Gay Man Sets Final Off-Broadway Performance Date

first_img View Comments “Sex Tips” star Grant MacDermott(Photo: Emilio Madrid-Kuser) Sex Tips For Straight Women From a Gay Man Related Showscenter_img Matt Murphy’s long-running off-Broadway comedy Sex Tips for Straight Women from a Gay Man will end its New York City run on June 23, 2018 at the 777 Theatre. The show began previews on January 22, 2014 and officially opened on February 9, 2014.”On behalf of our incredibly talented company of actors, crew and creative team members, I’d like to thank New Yorkers for embracing our uniquely interactive and upbeat brand of comedy for the past four and a half years,” said Murphy.Sex Tips for Straight Women from a Gay Man is based on the 1997 self-help book by Dan Anderson and Maggie Berman. The theatrical production, directed by Tim Drucker, currently stars Kate Gunther as Robyn, Anthony Capuano as Stefan and Grant MacDermott—who has been with the show for the duration of the run—as Dan.Sex Tips features scenic design by Luke Cantarella, costume design by Tilly Grimes, lighting design by Brian Tovar and video/sound design by Randy Blair. Show Closed This production ended its run on June 23, 2018last_img read more

Boiko, Pascual Discuss LNG Supplies to Ukraine

first_imgWashington was yesterday the venue of a meeting of Vice Prime Minister of Ukraine Yuriy Boyko and the State Department’s Special Envoy and Coordinator for International Energy Affairs Carlos Pascual.During the meeting the parties discussed urgent issues of energy safety, diversification of energy supplies and opportunities of supplying liquefied natural gas to Ukraine through an LNG-terminal, according to a statement.[mappress]LNG World News Staff, October 29, 2013last_img