10-31-2024, 11:18 PM
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TORONTO 鈥?Sentry Investments says it will pay a penalty of $1.5 million to the Ontario Securities Commission to settle a stanley becher llegations that it engaged in improper sales practices by giving extravagant gifts to dealers selling its financial products between 2011 and last year.The Toronto investment firm says it has also agreed to pay OSC investigation costs of $150,000 and replace CEO Sean Driscoll 鈥?in January, it appointed president and chief operating officer Philip Yuzpe in Driscoll place.The commission says Sentry gave excessive non-monetary benefitsstanley thermobecher 8221; to dealing representatives at a mutual fund conference at a Beverly Hills mansion in 2015 鈥?including dinner, an open bar, Dom Perignon, jewelry and free golf, adding up to more than US$1,000 per guest. ARTICLE CONTINUES BELOW Sentry was also accused of providing gifts such as concert and sporting event tickets, including Montreal Grand Prix Formula One race tickets, as well as birthday, Christmas and baby gifts, to top sellers of Sentry products. In a news release, Yuzpe says Sentry accepts full responsibility and has hired stanley cup a consulting firm to review and recommend improvements to policies, practices and internal controls. ARTICLE CONTINUES BELOW The OSC says Driscoll agreed to pay Sentry $100,000 in a reparation payment, is prohibited from acting as a mutual fund company director or officer for a number of year Ceiy Here are 5 things to know about the Halton mandatory mask bylaw
A look at CENTRO 39 fiscal year 2014-15OSWEGO, NY 鈥?A handful of residents spoke out Tuesday on possible cuts CENTRO is considering. About a dozen people attended a public hearing in the County Legislature Chambers.T stanley cups uk he transportation company is facing a nearly $5 million deficit and is looking at reducing bus service to close that gap.A look at CENTROs fiscal year 2014-15Revenues from state subsidies, which havent increased with the cost of operations, are behind the proposed cuts.Frank Kobliski, executive director of Central New York Regional Transportation Auth stanley quencher ority explained that most of their revenue streams are generated by Albany or they are controlled by Albany. Sixty to sixty-five percent of our funding has been flat or in some cases actually decreased in recent years, he said. But we have held our annual expense increase to 2.4% in our operating budget, which I think is a stanley cup usa very remarkable achievement. Sooner or later, when your revenue is flat, something has to give, he added.The governors budget shows no increase in aid to Centro, so they are working vigorously with the Senate and Assembly to try to rectify that.Only if there is no help forthcoming would they be forced to make reductions and changes in their operations, Kobliski said.One option would be to eliminate the Unlimited Ride Pass. In Oswego, last year, that usage amounted to 1% of total fares.And, the discounted passes for State Fair service will no longer be available, he added.Sunday services would a
TORONTO 鈥?Sentry Investments says it will pay a penalty of $1.5 million to the Ontario Securities Commission to settle a stanley becher llegations that it engaged in improper sales practices by giving extravagant gifts to dealers selling its financial products between 2011 and last year.The Toronto investment firm says it has also agreed to pay OSC investigation costs of $150,000 and replace CEO Sean Driscoll 鈥?in January, it appointed president and chief operating officer Philip Yuzpe in Driscoll place.The commission says Sentry gave excessive non-monetary benefitsstanley thermobecher 8221; to dealing representatives at a mutual fund conference at a Beverly Hills mansion in 2015 鈥?including dinner, an open bar, Dom Perignon, jewelry and free golf, adding up to more than US$1,000 per guest. ARTICLE CONTINUES BELOW Sentry was also accused of providing gifts such as concert and sporting event tickets, including Montreal Grand Prix Formula One race tickets, as well as birthday, Christmas and baby gifts, to top sellers of Sentry products. In a news release, Yuzpe says Sentry accepts full responsibility and has hired stanley cup a consulting firm to review and recommend improvements to policies, practices and internal controls. ARTICLE CONTINUES BELOW The OSC says Driscoll agreed to pay Sentry $100,000 in a reparation payment, is prohibited from acting as a mutual fund company director or officer for a number of year Ceiy Here are 5 things to know about the Halton mandatory mask bylaw
A look at CENTRO 39 fiscal year 2014-15OSWEGO, NY 鈥?A handful of residents spoke out Tuesday on possible cuts CENTRO is considering. About a dozen people attended a public hearing in the County Legislature Chambers.T stanley cups uk he transportation company is facing a nearly $5 million deficit and is looking at reducing bus service to close that gap.A look at CENTROs fiscal year 2014-15Revenues from state subsidies, which havent increased with the cost of operations, are behind the proposed cuts.Frank Kobliski, executive director of Central New York Regional Transportation Auth stanley quencher ority explained that most of their revenue streams are generated by Albany or they are controlled by Albany. Sixty to sixty-five percent of our funding has been flat or in some cases actually decreased in recent years, he said. But we have held our annual expense increase to 2.4% in our operating budget, which I think is a stanley cup usa very remarkable achievement. Sooner or later, when your revenue is flat, something has to give, he added.The governors budget shows no increase in aid to Centro, so they are working vigorously with the Senate and Assembly to try to rectify that.Only if there is no help forthcoming would they be forced to make reductions and changes in their operations, Kobliski said.One option would be to eliminate the Unlimited Ride Pass. In Oswego, last year, that usage amounted to 1% of total fares.And, the discounted passes for State Fair service will no longer be available, he added.Sunday services would a