Search the Community
Showing results for tags 'advisory'.
CNS) Media Advisory - WestJet announcement in Montreal +------------------------------------------------------------------------------+ Media Advisory - WestJet announcement in Montreal 2017-02-10 12:00:08.545 GMT Media Advisory - WestJet announcement in Montreal Canada NewsWire CALGARY, Feb. 10, 2017 CALGARY, Feb. 10, 2017 /CNW/ - WestJet, Canada's most trusted airline, is committing to serve its eastern guests more than ever before. On Monday, February 13, the airline, along with the Honourable Minister of Transportation, Marc Garneau, will welcome a new chapter in Montreal. We hope to see you on board at the unveiling of this new adventure. When: Monday, February 13, 2017 Where: InterContinental Montreal, 360 Saint-Antoine Street West Who: WestJet Executive Vice-President, Commercial Bob CummingsThe Honourable Minister of Transportation, Marc Garneau Program: * 9:30 a.m. – Guest registration * 10:00 a.m. – Formal program to commence * Media interviews to follow RSVP: Media are asked to RSVP to [email protected]
Westmount building plans hush-hush Court testimony. Westmount neighbours battle over scenic view JAN RAVENSBERGEN, The Gazette Published: 6 hours ago Anytime a Westmount homeowner wants to renovate part of a building or add an extension, their plans are considered confidential - and not the business of any of their neighbours. That's longtime Westmount policy, architect Julia Gersovitz, chairperson since 2001 of the municipality's powerful planning advisory committee, testified in Quebec Superior Court yesterday. Other than Westmount urban-planning staff, city councillors and the mayor, "we at the (advisory committee) do not discuss the cases that are brought to us with anyone because it seems to us that would be a breach of confidentiality," Gersovitz told Justice Robert Mongeon. Two other architects and city councillor Cynthia Lulham sit with Gersovitz on the committee, which she told the court operates by consensus, never takes votes and is responsible for vetting all proposed building-exterior work that requires a municipal permit. Gersovitz is a historic-preservation specialist who is a longtime board member of Heritage Montreal, a practising architect and an auxiliary professor of design at McGill University. A green light her committee gave last March to homeowner Steven Goldberg to add another storey to his home at 27 Bellevue Ave., near the top of Mount Royal, did not require any consultation with nearby homeowners whose panoramic views of Montreal, the St. Lawrence River and the Montérégie vista would be affected, Gersovitz testified. "We have no mechanism for that," she told the court. In a case that has aroused considerable interest, Mongeon has been asked by Mireille Raymond, of 20 Sunnyside Ave., to quash Goldberg's permit. A higher roofline, Raymond contends, would substantially destroy her south-facing view of the city and environs. Hearings on the case continue today. In a related development, at an 8 a.m. council meeting yesterday, councillors Nicole Forbes and John de Castell reversed positions they'd taken Aug. 25 - and voted in favour of a modified version of the permit for Goldberg which would allow him his extra storey. The council vote was 5-2 in favour. On Aug. 25, a similar motion had been defeated 4-3. While de Castell complained about missing information earlier in the Goldberg permit process, he told council that "from everything that I've learned in this file, it (the Goldberg permit) appears to be legal." [email protected]
Je vous conseille de lire l'histoire, très intéressante ! http://www.bloomberg.com/apps/news?pid=20601087&sid=a3uKf5P1lFmg&refer=home Madoff Confessed $50 Billion Fraud Before FBI Arrest (Update1) By David Voreacos and David Glovin Dec. 12 (Bloomberg) -- Bernard Madoff confessed to employees this week that his investment advisory business was “a giant Ponzi scheme” that cost clients $50 billion before two FBI agents showed up yesterday morning at his Manhattan apartment. “We’re here to find out if there’s an innocent explanation,” Agent Theodore Cacioppi told Madoff, who founded Bernard L. Madoff Investment Securities LLC and was the former head of the Securities Industry Association’s trading committee. “There is no innocent explanation,” Madoff, 70, told the agents, saying he traded and lost money for institutional clients. He said he “paid investors with money that wasn’t there” and expected to go to jail. With that, agents arrested Madoff, according to an FBI complaint. The 8:30 a.m. arrest capped the downfall of Madoff and businesses bearing his name that specialized in trading securities, making markets, and advising wealthy clients. Many questions remain unanswered, including whether Madoff’s clients actually lost $50 billion. The complaint and a civil lawsuit by regulators describe a man spinning out of control. Madoff appeared in federal court in Manhattan at 6 p.m., wearing a white-striped shirt and dark-colored pants. U.S. Magistrate Judge Douglas Eaton described the securities-fraud charge against him and set a $10 million bond at a hearing where Madoff said nothing. Madoff later posted the bond, secured by his apartment and guaranteed by his wife. Hedge Funds, Banks Madoff’s firm had about $17.1 billion in assets under management as of Nov. 17, according to NASD records. At least half of its clients were hedge funds, and others included banks and wealthy individuals, according to the records. The firm was the 23rd-largest market maker on Nasdaq in October, handling an average of about 50 million shares a day, exchange data show. It took orders from online brokers for some of the largest U.S. companies, including General Electric Co. and Citigroup Inc. Prosecutors joined the Securities and Exchange Commission, which filed a civil lawsuit, in scrambling to unravel the collapse of Madoff’s Investment Securities business. The broker-dealer and investment adviser was housed in a lipstick-shaped building at 885 Third Ave. A rapid series of events in early December preceded the firm’s demise, according to the arrest complaint and SEC lawsuit. In the first week of December, Madoff told a worker identified as Senior Employee No. 2 that clients had requested $7 billion in redemptions, he was struggling to find liquidity, and he thought he could do so, according to the FBI and SEC. ‘Under Great Stress’ Senior employees “previously understood” that the investment advisory business managed between $8 billion and $15 billion in assets, according to the documents. On Dec. 9, Madoff told a colleague identified as Senior Employee No. 1 that he wanted to pay bonuses in December, or two months earlier than usual. The next day, Madoff got a visit at his offices from the employees. They said he appeared “under great stress” in prior weeks, according to the documents. Madoff told the visitors that “he had recently made profits through business operations, and that now was a good time to distribute it,” according to the FBI complaint. When the workers challenged that explanation, Madoff said he “wasn’t sure he would be able to hold it together” at the office and preferred to meet at his apartment, Senior Employee No. 2 told investigators. He ran his investment advisory business from a separate floor of his firm’s offices, keeping financial statements “under lock and key,” prosecutors said. ‘One Big Lie’ At his apartment, Madoff told the employees that his investment advisory business was a “fraud” and he was “finished,” according to the FBI complaint. He said he had “absolutely nothing,” that “it’s all just one big lie,” and that it was “basically, a giant Ponzi scheme,” Agent Cacioppi wrote in the complaint. The senior employees understood Madoff to be saying he had paid investors for years out of principal from other investors, the agent wrote. The business had been insolvent for years, said Madoff, who then estimated losses at more than $50 billion. Madoff said he had $200 million to $300 million left, and he planned to pay employees, family, and friends. Madoff, who had also confessed to a third senior employee, said he planned to surrender to authorities within a week, according to the complaint. Cacioppi and another agent beat Madoff to the punch. After saying he had no “innocent explanation,” Madoff confessed “it was all his fault,” Cacioppi wrote. ‘Broke,’ ‘Insolvent’ “Madoff also said that he was ‘broke’ and ‘insolvent’ and that he had decided that ‘it could not go on,’ and that he expected to go to jail,” the agent wrote. “Madoff also stated that he had recently admitted what he had done to Senior Employee Nos. 1, 2, and 3.” Madoff founded the firm in 1960 after leaving law school at Hofstra University in Hempstead, New York, according to the company’s Web site. His brother, Peter, joined the firm in 1970 after graduating from law school, it said. Madoff, who owned more than 75 percent of his firm, and his brother Peter, are the only two listed on regulatory records as “direct owners and executive officers.” Madoff was influential with the Nasdaq Stock Market, serving as chairman of the board of directors, according to the FBI complaint. He was chief of the Securities Industry Association’s trading committee in the 1990s and earlier this decade. He represented brokerages in talks with regulators about new stock-market rules as electronic-trading systems and networks grew. Madoff, who founded his firm in 1960, won an assignment to manage a $450,000 stock offering for A.L.S. Steel Corp. of Corona, New York, two years later, according to an SEC news digest. He was an early advocate for electronic trading, joining roundtable discussions with SEC regulators considering trading stocks in penny increments. His firm was among the first to make markets in New York Stock Exchange listed stocks outside of the Big Board, relying instead on Nasdaq. Madoff’s Web site advertises the “high ethical standards” of his firm. “In an era of faceless organizations owned by other equally faceless organizations, Bernard L. Madoff Investment Securities LLC harks back to an earlier era in the financial world: The owner’s name is on the door. Clients know that Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm’s hallmark.” The case is U.S. v. Madoff, 08-MAG-02735, U.S. District Court for the Southern District of New York (Manhattan).