SEC chairman urges caution over cryptocurrencies and ICOs

first_imgJames Langton Facebook LinkedIn Twitter Related news Clayton stresses that, so far, there haven’t been any ICOs registered with the SEC, and the commission hasn’t approved any exchange-traded products (such as ETFs) that hold cryptocurrencies. “If any person today tells you otherwise, be especially wary,” he warns. He also advises investors to read the SEC’s many alerts, bulletins and statements on ICOs and cryptocurrency-related investments. “As with any other type of potential investment, if a promoter guarantees returns, if an opportunity sounds too good to be true, or if you are pressured to act quickly, please exercise extreme caution and be aware of the risk that your investment may be lost,” he says. Clayton calls on industry professionals to ensure they understand the SEC’s position on when an ICO will be considered a security. “Replacing a traditional corporate interest recorded in a central ledger with an enterprise interest recorded through a blockchain entry on a distributed ledger may change the form of the transaction, but it does not change the substance,” he says. “I also caution market participants against promoting or touting the offer and sale of coins without first determining whether the securities laws apply to those actions.” Similarly, whether cryptocurrencies count as securities will depend on the characteristics and use of the particular asset, he notes. “I have asked the SEC’s division of enforcement to continue to police this area vigorously and recommend enforcement actions against those that conduct initial coin offerings in violation of the federal securities laws,” he says. The head of U.S. derivatives regulator, the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, issued his own statement backing Clayton. Securities and derivatives regulators “are in regular communication” on the issues raised by ICOs and crypto currencies generally, Giancarlo says. “Market participants should take note that the relatively nascent underlying cash markets and exchanges for bitcoin remain largely unregulated markets over which the CFTC has limited statutory authority. Investors should be aware of the potentially high level of volatility and risk in these markets,” he adds. Read: Understanding bitcoin and the frenzy behind the digital currency Keywords Investor protection,  CryptoassetsCompanies Securities and Exchange Commission How should banks allocate capital for crypto?center_img Bitcoin should face tough capital rules, Basel Committee says New York attorney general secures receiver for crypto firm Share this article and your comments with peers on social media With financial markets abuzz about cryptocurrencies and initial coin offerings (ICOs), the chairman of the U.S. Securities and Exchange Commission (SEC) is encouraging investors and industry professionals to remain cautious. “A number of concerns have been raised regarding the cryptocurrency and ICO markets, including that, as they are currently operating, there is substantially less investor protection than in our traditional securities markets, with correspondingly greater opportunities for fraud and manipulation,” says Jay Clayton in a statement published on Monday. last_img read more

Integrating defence, development and diplomatic efforts to bring sustainable peace in Mali

first_imgIntegrating defence, development and diplomatic efforts to bring sustainable peace in Mali Thank you, Mr President. I would like to thank the Under-Secretary General Lacroix for his briefing, and although he is absent today, I would like to extend my thanks also to SRSG Annadif. MINUSMA and the wider international community have benefited from his leadership and guidance. We wish him luck in his next role and welcome the appointment of Mr. El-Ghassim Wane.Mr President, I’d like to focus my remarks on two priorities for action. First, the issue of impunity for human rights abuses and violations remains a concern. The attack against the MINUSMA camp in Aguelhok in Kidal region on Friday, which killed four Chadian peacekeepers and injured another twenty-four, underlines the complex and challenging circumstances in which MINUSMA operates. And on behalf of the United Kingdom, I pay tribute to those peacekeepers who have made the ultimate sacrifice and given their lives for peace and security in Mali. I offer my deep condolences to their families and friends and to the mission and I wish those who are injured a speedy recovery.In the light of this attack and the other significant attacks against peacekeepers earlier this year, I want also to reiterate what I said in January: these crimes should not go unpunished and those who perpetrate them should be aware that they may constitute war crimes. While recent prosecution orders and investigations are positive steps, we urge the Malian authorities to ensure transparency and accountability for such acts. As the Secretary-General’s report points out, justice is necessary in order to achieve sustainable peace and help build trust between the state and its people.Second, the need for an inclusive political process based on consultations and dialogue will foster a sense of ownership among all parties to the peace agreement.The recent meetings of the Monitoring Committee of Kidal, as well as efforts by the transitional government to initiate dialogue with political parties, were encouraging developments. However, with less than a year to go until the end of the transitional period, progress on the implementation of the peace agreement has been limited. We hope to see accelerated progress and concrete achievements in line with the roadmap agreed in December.Finally, I’d like to thank the Secretary-General for sharing the roadmap for MINUSMA’s transition. It contains some important guiding principles, including the need for government-led reform. As we prepare for MINUSMA’s mandate renewal in June, we will draw on this roadmap and from the experience of our own deployment to MINUSMA, to understand how the mission can best support the Malian government to assume increasing responsibility for the security tasks currently carried out by the mission.Mr President, the UK remains committed to supporting MINUSMA’s core objectives. We’re contributing to stabilisation efforts that will help reduce violent conflict. We’re supporting projects aimed at increasing the meaningful participation of women both in the peace process and in wider conflict resolution mechanisms. We’re providing international humanitarian law training to Malian forces and supporting the G5 Sahel Joint Forces engagement with communities. We’re helping protect civilians through our humanitarian aid and by working through OCHA to strengthen civilian military coordination. We will continue working closely with our Malian and international partners to coordinate efforts.By working together and integrating our defence, development and diplomatic efforts, we stand the best chance to deliver our shared vision of long-term peace and stability in Mali and the region.Thank you, Mr President. /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:Chad, diplomatic, Government, Human Rights, Humanitarian, leadership, Mali, President, prosecution, resolution, Secretary-General, sustainable, UK, UK Government, United Kingdom, War crimeslast_img read more

Graduates urged to make use of literacy skills

first_imgRelatedGraduates urged to make use of literacy skills FacebookTwitterWhatsAppEmail Graduates of the Documentation Skills Project, being implemented by the Jamaican Foundation for Lifelong Learning (JFLL), are being urged to use their newly acquired skills to empower themselves to better serve their communities.“Use your literacy to solve problems. We are all on a journey of lifelong learning, so move on to other areas and encourage others who cannot read and write to participate in this journey,” said Executive Director of the JFLL, Dr. Alison Cross.She was speaking at the graduation and awards ceremony held recently at Halse Hall Great House in Clarendon, for 51 trainees, who have successfully completed level three tests under phase one of the project.The US$110,000 Documentation Skills Project, which is being funded by Alcoa Foundation through Jamalco, aims to improve the literacy and numeracy skills of some 180 residents in six communities located in Jamalco operations area in Clarendon and South Manchester. It is being implemented by the JFLL over a two-year period.Jamalco’s Manager for Corporate Services and Government Affairs, Leo Lambert, told the graduates that they now have “the key to unlock the door to a greater future”.“If you are going to be masters of your own destiny, you need tools, including education. You cannot be educated without literacy and numeracy,” he said, while congratulating the tutors for committing their time and energies to the project.Class valedictorian, Donnette Graham, of Mount Airy in Clarendon, said it was a “glorious day to graduate”.“We have been given another opportunity to unlock the mysteries of this world by reading and discovering things for ourselves,” she said.Nardia Williamson from the community of Farm in South Manchester, who gave the vote of thanks, praised the Alcoa Foundation, Jamalco and the JFLL for organising “this empowering programme.”“Thanks for being a lighthouse in our lives,” she added.Awards were presented for highest scores, best attendance, and most improved trainees.Phase one of the project was implemented in Mount Airy and Ashley in Mocho, Clarendon; and in Farm, Manningsfield, Broadleaf and Harmons in South Manchester. Phase two will be rolled out in six other communities in the two parishes shortly. RelatedGraduates urged to make use of literacy skills Graduates urged to make use of literacy skills EducationNovember 30, 2010center_img RelatedGraduates urged to make use of literacy skills Advertisementslast_img read more

NEJC Capitol Update: ‘It is my goal to keep our state off [The Daily Show]’

first_imgTo keep our readers better informed about the state government actions that impact our communities, we feature an update columns each Monday from one of northeast Johnson County’s elected officials: Rep. Barbara Bollier, Rep. Stephanie Clayton, Rep. Jarrod Ousley, Rep. Melissa Rooker and Sen. Kay Wolf. Rep. Clayton submits this week’s update:Deadlines are looming in the Kansas Legislature, and we are moving at a frenetic pace in our House committees to finish our work so that we can get our business to the House Floor, vote the bills out, and send them over to the Senate so they can be reviewed.In Social Services Budget committee, I had the opportunity as a legislator to call for a Post Audit of the KEES computer program, which is designed to streamline the eligibility system for State Benefits. The KEES system has been delayed from going “live” for years, and I consider this to be a big problem. It is my hope that the audit will reveal why this is happening, and lead to a quick resolution so that Kansas is able to more efficiently deliver services to vulnerable citizens.My chief legislative project, the Transparency Act, had a hearing in a House committee and a Senate committee. As many of you know, Senator Wolf has been instrumental in getting the bill, designed to live-stream proceedings in select committee rooms, through the Senate. The main roadblock is in the House, although I am optimistic, as the hearings on both sides went very well.I was intensely displeased to see that our Governor rescinded the protections for LGBT State Employees. I personally believe that LGBT citizens should not be discriminated against, and I also believe that the ill-treatment of such citizens has a disastrous effect on the image of our state. I have friends and family members who are LGBT, but more importantly, I have constituents who are, and it is my job to make sure that all of my constituents are being served well- which obviously includes making sure they aren’t being discriminated against. When the Governor’s executive action was revealed, Kansas became the object of ridicule on The Daily Show. Many of you have heard me say that it is my goal to keep our state off of that show, and while the goal may seem frivolous, that show is a barometer for national perception of our state. Why does what the rest of the country thinks about Kansas matter? Because, if we are seen as backward or hateful, companies will not want to do business here. Organizations will not want to hold their conventions here. People will not want to live here.All legislators, as well as our Governor, want to see Kansas first grow, and then thrive economically. The problem here is that we have fundamental disagreements as to how we get the state to that endpoint. It has always been my belief that if we have a strong, reasonable, stable and, yes, *friendly* Kansas, then business will grow. I remain committed in my endeavor to make it “nice” here, so that our citizenry and economy can prosper.I enjoy hearing from constituents. Please e-mail me at [email protected], find me on Facebook, or follow me on twitter @sscjocoks for real-time updates from the statehouse.last_img read more

Victoria begins High Capacity Metro Train procurement

first_imgAUSTRALIA: The government of Victoria has invited expressions of interested by August 14 in the High Capacity Metro Train PPP contract to finance, design, supply and maintain a fleet of 37 suburban electric multiple-units for Melbourne’s Cranbourne and Pakenham lines.At 160 m, HCMT would be longer than existing trainsets, and together with signalling upgrades and the elimination of level crossings would boost capacity on the Dandenong corridor by 42%, enabling an additional 11 000 passengers to be carried in the morning peak.The availability-based PPP contract is expected to be worth around A$1·3bn. Minister for Industry Lily D’Ambrosio said there would be an ‘unprecedented’ focus on local content and jobs to support ‘high-skill, high-value manufacturing’ in the state, with at least 50% of construction required to take place locally. The request for proposals is expected to be released in November, with proposals due to be submitted by April 2016. Financial close is planned for November 2016, with the first train to be delivered in late 2018. The operations and maintenance contract would run for 30 years from fleet acceptance, which is planned for mid-2022.There would be options for 25 HCMTs for the Melbourne Metro Rail Project and 38 to replace the Comeng fleet by 2026.The order forms part of the state government’s Trains, Trams, Jobs 2015-2025 rolling stock strategy announced on May 4, which outlined a 10-year plan to acquire 100 new trains and 100 new trams.Public Transport Victoria has shortlisted Accenture Australia, Cubic Transportation Systems and NTT Data Victorian Ticketing System for a contract to manage the myki smart card system from 2017. ‘While our main focus is the continuity of ticketing services, the chosen vendor must have the capability to identify and map pathways to deliver future technologies that support service improvements’, said PTV CEO Mark Wild.last_img read more

Confident Weimann eyeing up the goals

first_imgThe forward netted in his first two matches but couldn’t help prevent City’s result at home to Middlesbrough on Saturday.The Robins go into their next clash in the capital chasing their first win of the season, as do Tuesday’s hosts who were beaten 7-1 at the weekend by West Brom.“We know we haven’t won a game yet but we want to get that as quickly as possible,” Weimann said.”We go into the game with a good amount of confidence in the way we have been playing. It comes around so quickly after the defeat so hopefully we can turn it around.“If we win tomorrow and Saturday everyone will say we have had a good start. Football changes quickly but we’ll try to get that win tomorrow.”It was nice to get a couple of goals in my first two league games and performance-wise I feel good. I hope to get back to getting on the scoresheet tomorrow.”last_img read more

IRC defeat bankers in public servants netball

first_imgNetball: By SIMON KESLEP It was a close game between two financial institutions in division two of the Public Servants netball competition on Saturday at the Rita Flynn indoor courts in Port Moresby. Leading upfront in goal shooting duties for Internal Revenue Commission (IRC) was Jennifer Rigolo (GS) and Ruby Kisapai (GA) who stamped their dominance slotting full time total points of 18 against Bank of PNG’s (BPNG) Everlyn Leusing and Grace Veali on 15. It was a tie of 7-all at halftime but IRC wasted no time to restart the second stanza with well coordinated plays. Penalties conceded both ways for obstructions saw mid-court specialists Veronica Douglas and Terry Kiapin of IRC working overtime to direct plays and keep their attacking momentum alive. With quick and decisive moves from both teams, it was anybody’s match heading into the dying minutes. BPNG’s goal defenders were kept off-guard by IRC’s quick passes and decisive plays under the hoop. The counter attack saw BPNG’s goal shooters keeping their opponents also working overtime in defense. However, IRC defenders saw that they made good use of every possession and lose passes by BPNG. “Actually we did not have our full team on court. We only had four of our experienced players with assistance from our reserve players. I am happy with our performance but I think we just need to push more in our upcoming games,” said IRC club president and goal shooter Jennifer Rigolo. She said they will work on improving more in the mid-court. “Otherwise our centre Veronica Douglas did really well and we just need to push and support our reserve players more in their game,” she said. Meanwhile the Public Servants netball competition played its games and will go into recess for the Christmas festive season.last_img read more

Cherono wins Boston Marathon

first_img(AP) – Lawrence Cherono has won the Boston Marathon for the first time.Cherono needed every bit of his speed to outkick two-time winner Lelisa Desisa in a sprint to the tape, passing him just steps away from the finish line to win the 123rd edition of the race in 2 hours, 7 minutes 57 seconds. Cherono had won marathons in Seville, Prague, Honolulu and twice in Amsterdam but never in a major event before Monday.Worknesh Degefa broke away from defending champion Des Linden and the rest of the women’s pack in the Framingham flats and ran alone for the last 20 miles to claim the women’s race. Kenya’s Edna Kiplagat was second, reducing a gap of more than two minutes to 42 seconds at the finish.Daniel Romanchuk, 20, became the youngest-ever men’s wheelchair champion in Boston, finishing in 1:21:36 for the fastest time ever for an American. Manuela Schar won the women’s wheelchair race for the second time.last_img read more

Napoli €60m for Norwegian duo?

first_img Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/ Napoli are reportedly ready to pursue their interests in RB Salzburg starlet Erling Haaland with a €40m bid, as well an offer for Genk midfielder Sander Berge. There are expected a lot of changes at the San Paolo and Aurelio De Laurentiis is reported to be ready to splash €60m in total for the Norwegian duo. According to the Gazzetta dello Sport, they have stepped up their interest in the Norway internationals after facing both in the group stage of this season’s Champions League campaign. Last weekend the RB Salzburg striker added another three to his total tally of 26 goals in 18 matches for the Austrian champions this term – including three goals in two games against the Partenopei in the Champions League. Previous reports have claimed the striker to have a price tag of €100m, far off the reported €40m De Laurentiis is willing to pay. They are also following the development of the situation regarding Berge’s future. The Genk midfielder has been linked away from Belgium and would be a subject of a €20m offer from Napoli. Napoli are back in action against Milan after the international break, where the Norway pair are preparing to face the Faroe Islands on Friday, before travelling to Malta on Monday.last_img read more

Why donors stop their support

first_imgI recently hosted a guest post by Jay Love on the great donor exodus. He covered how to determine how many donors you are keeping – and losing. Today, he’s back with another guest post to discuss WHY they leave. Please share this post, because understanding why donors quit is the first step to getting them to stay. The author, Jay Love, is the former CEO of eTapestry. He is currently CEO of Bloomerang and SVP of Avectra while serving on numerous local and national nonprofit boards. By Jay LoveWith the extreme importance of the topic my title introduces, you would think there would be a large amount of research and hundreds of articles about it. Unfortunately, that is not the case.The cornerstone of support and funding of most charity causes around the world is a dedicated group of loyal supporters. For smaller charities, this may be less than 100 people including the board of directors. Larger charities rely on the support of thousands of multi-year supporters from various channels. How in the world then could this phenomenon of “loyalty to a cause” not be studied as much, if not more so, than the fuel economy in vehicles or weather patterns in Antarctica? Should not every charity in the world know what causes sudden or the not so sudden departure of its loyal supporters and design methods or systems to alleviate those causes? My previous guest blog post for Katya outlined how even a small 10% improvement in donor retention could double the lifetime revenue stemming from your donors in your database. Therefore, the incentive should be there!As I did in my previous post, I am going to compare research pulled from the commercial sector. In this case, we will look at why a commercial customer leaves. Are there parallels to the reasons why donors leave? Can the immense amount of research compiled by commercial business on this topic and more importantly the systems designed to reduce the likelihood of those reasons happening be copied in some manner? My answer is yes! Notice the comparison of reasons in the Nonprofit Donor Loyalty Primer below. (Problems viewing this infographic? Go here.)The research is pulled from our chief scientist Adrian Sargeant and from The Rockefeller Corporation Although both sides of the image show why the customers or donors are heading to the exit, there is a higher percentage based upon the ability to financially afford on the donor departure side. This is not surprising since supporting a nonprofit is discretionary compared with purchasing food or paying for lodging, transportation, clothing, etc. The biggest lesson for nonprofits, which rely on donor support for all or some portion of their operating budget, is how vital proper communication processes and messages are. Notice how the following items add up to 53% of the reasons why donors leave:1. Thought the charity did not need them 5%2. No information on how monies were used 8%3. No memory of supporting 9%4. Never thanked for donating 13%5. Poor service or communication 18%Just imagine what a solid communication plan built upon a top notch CRM/Database solution could do for each item above. Since loyalty is based upon strong relationships and relationships grow via proper and regular communications, efforts in this area can provide huge upward surges in loyalty and financial support! What do you think is it worth the extra effort here?last_img read more