This week, the North American Securities Administrators Association (NASAA) has announced the formation of a COVID-19 Task Force, uniting state and provincial regulators to identify and stop potential threats to investors.
“The objective of the task force is to proactively identify COVID-19-related threats to investors, including but not limited to fraudulent offerings, investment frauds, and unregistered regulated activities, within the jurisdiction of NASAA member states and provinces, and to disrupt, discourage and deter those activities,” said Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities.
The new task force follows a similar model to NASAA’s cryptocurrency operation launched in 2018.
The association has identified more than 200,000 coronavirus-related internet domain names as of April 2020 with most having been registered in the last three months.
“Fraudsters are ramping up as a result of this crisis. Some jurisdictions have already taken enforcement actions against illegal investment schemes and we fully expect the task force to uncover many more. Our goal is to get and stay ahead of the curve,” Borg said.
Multi-million dollar internet investment announced for Puslinch – GuelphToday
PUSLINCH – Standard Broadband is making a major investment into high speed internet in Puslinch.
A press release announced $2.5 million in private funding from Standard Broadband to bring fibre optic infrastructure to the township.
Over 1,000 homes in Puslinch with limited access to quality internet will soon have fibre optic internet service available.
Mayor James Seeley said in a press release that he is thrilled that Standard Broadband chose to extend their network into Puslinch.
“This is a big deal for many Puslinch households,” Seeley said in a release. “It’s especially significant that the investment is being made now at a time when people are relying so much on their internet for work and study.”
Glenn James, chair of the Puslinch Highspeed Internet Initiative, has been advocating for better internet in Puslinch and said he sees this large investment as a big win for the town.
“The fact that it’s fibre optic and not wireless internet means that service will be much higher quality than almost all of the affected households currently have,” James said in the release. “The new fibre runs mean that there is opportunity for future expansion.”
Internet issues in Puslinch have been a topic of concern in the township for years. The town had recently partnered with Clearcable to consult on applying for government programs to improve their internet.
James said that the fact that this investment is privately funded means that the project will be start and finish much faster.
The project is set to begin in early August and service will become available as construction completes on a street by street basis. First connections will likely be available in mid-September.
For more details on Standard Broadband’s initial service area please see the map located on their website.
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He said: “More and more, China is being viewed as a separate asset class because it is a great risk diversifier. You can always debate return opportunities but just from a risk diversification perspective, it has sectors in the equity markets that complement well versus Canada.”
One of the biggest mental hurdles for advisors and investors to get over has been the discrepancy between Wall Street and Main Street. The common man requires a broad-based recovery of not just mega tech stocks but also of small and mid-sized businesses, and advisors must ensure clients are as broadly diversified as possible.
“There are a lot more strategies and tools at an advisor’s disposal today than 10-20 years ago in terms of diversification. Most, smartly, will have taken a step back a couple of months ago to make sure their asset allocations and time horizons were still appropriate, and that their clients’ objectives were the same. Be long-term focused and very diversified. That’s really the best advice.”
He added: “We did have bear market rallies last time in 08-09 – we had big declines, sometimes a recovery, then declines again. There is the feeling this time around that if we’re successful with the stimulus that’s been put in place and our ability to flatten and bend the curve, then there is an ability here for the economy to, not bounce back, but to come back.
“The contraction might be just a couple quarters and I think the V recovery is unlikely right now. This could be something we can power through over five or six quarters after the initial contraction.”
Bruce-Grey-Owen Sound MPP says broadband investment essential in region – BlackburnNews.com
Bruce-Grey-Owen Sound MPP says broadband investment essential in region
June 4, 2020 11:35am
Bruce-Grey-Owen Sound MPP Bill Walker says his government’s $150 million for broadband infrastructure will be welcome news for many constituents who are underserved.
He says they face challenges staying connected with limited to access to cellular and broadband connectivity especially now during the COVID-19 pandemic.
He says it will help bring Bruce-Grey-Owen Sound residents one step closer to more reliable connectivity.
Once the ICON program opens its initial application intake later this month, applicants –telecom companies, municipal governments, Indigenous communities and non-profits — will be invited to submit innovative proposals to lend their investment, expertise, and experience to improve connectivity. The province will fund a portion of each approved project.
The Improving Connectivity in Ontario, or ICON, has the potential to leverage up to $500 million in total partner funding.
“Now more than ever before, our government recognizes that the people of Ontario need to be connected to learn, work, and run their businesses. This program is an important step toward bridging the digital divide,” said Infrastructure Minister Laurie Scott.
The Improving Connectivity in Ontario program is part of Up to Speed: Ontario’s Broadband and Cellular Action Plan, which includes $315-million to improve and expand cellular service and broadband in rural and remote communities across Ontario. In the span of a year, Ontario has advanced initiatives to improve access to broadband and cellular service across eastern, western and northern Ontario. All of these initiatives are expected to generate more than $1 billion in investments over five years.
As much as 12 per cent of households in Ontario – mostly in rural, remote or northern areas – are underserved or unserved, according to the Canadian Radio-television and Telecommunications Commission.
The Province is investing in the $190 million Southwestern Integrated Fibre Technology (SWIFT) project to bring high-speed broadband to 50,000 more homes and businesses across Southwestern Ontario. Recently, SWIFT Inc. awarded contracts to bring high-speed internet to thousands of homes and businesses in Lambton, Wellington and Norfolk counties. More contracts are expected to be awarded for additional counties across southwestern Ontario.
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