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Coherent Announces Optical Circuit Switch for Data Centers

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月曜日, 3月 25, 2024

WSSS, WSS, COHR, Artificial intelligence, AI, Coherence, Architecture, OEO, OCS, Coherent Corp., Medical device

PITTSBURGH, March 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical communications materials, components, and subsystems, announced today the introduction of a new optical circuit switch (OCS) based on the company’s field-proven and ultrareliable Datacenter Lightwave Cross-Connect (DLX™).

Key Points:

PITTSBURGH, March 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical communications materials, components, and subsystems, announced today the introduction of a new optical circuit switch (OCS) based on the company’s field-proven and ultrareliable Datacenter Lightwave Cross-Connect (DLX™).
In an OCS, data signals remain in the optical domain as they transit the switch; eliminating OEO conversion can provide dramatic cost and power consumption savings.
For data centers, this significantly improves the return on capital expenditure.
By contrast, Coherent DLXTM requires exceptionally low drive voltage (less than 10 V) to switch its liquid-crystal cells.

Decision Notice - CIRO Hearing Panel issues Reasons for Decision in the matter of Fortrade Canada Limited

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木曜日, 3月 21, 2024

OEO, Investment, The central science, Fund, Hearing, CIRO

Fortrade also failed to establish and maintain a supervisory system that was reasonably designed to achieve compliance with CIRO requirements and failed to retain adequate records to demonstrate compliance with CIRO requirements.

Key Points:

Fortrade also failed to establish and maintain a supervisory system that was reasonably designed to achieve compliance with CIRO requirements and failed to retain adequate records to demonstrate compliance with CIRO requirements.
The hearing panel's reasons for decision, dated March 11, 2024, are available at:
In its reasons for decision, the hearing panel confirmed the sanctions imposed on Fortrade.
Fortrade is also required to pay costs in the amount of $100,000.
CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments.

CIRO Sanctions Fortrade Canada Limited

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月曜日, 3月 11, 2024

Settlement, OEO, Investment, The central science, Fund, Hearing, CIRO, Health insurance

TORONTO, March 11, 2024 /CNW/ - On February 20, 2023, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) held a hearing under the Investment Dealer and Partially Consolidated Rules and accepted a settlement agreement, with sanctions, between CIRO Enforcement Staff and Fortrade Canada Limited (Fortrade).

Key Points:

TORONTO, March 11, 2024 /CNW/ - On February 20, 2023, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) held a hearing under the Investment Dealer and Partially Consolidated Rules and accepted a settlement agreement, with sanctions, between CIRO Enforcement Staff and Fortrade Canada Limited (Fortrade).
Fortrade is a CIRO-regulated order execution only (OEO) firm.
CIRO rules prohibit firms from providing recommendations to clients holding OEO accounts.
In the settlement agreement, Fortrade admitted to making recommendations to clients, failing to establish and maintain a supervisory system that was reasonably designed to achieve compliance with CIRO requirements and failing to retain adequate records to demonstrate compliance with CIRO requirements.

Canadian securities regulators extend exemptions to facilitate OEO trailer ban transition

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木曜日, 8月 31, 2023

Manitoba Finance, AMF, OEO, MSC, Ontario Securities Commission, CSA, OSC, Financial adviser, Lease

TORONTO , Aug. 31, 2023 /CNW/ - The Manitoba Securities Commission (MSC), Ontario Securities Commission (OSC) and Autorité des marchés financiers (AMF) announced today the extension of local blanket orders that provide temporary exemptions from the order-execution-only (OEO) trailer ban.

Key Points:

TORONTO , Aug. 31, 2023 /CNW/ - The Manitoba Securities Commission (MSC), Ontario Securities Commission (OSC) and Autorité des marchés financiers (AMF) announced today the extension of local blanket orders that provide temporary exemptions from the order-execution-only (OEO) trailer ban.
They provide temporary exemptions from the OEO trailer ban to facilitate dealer rebates of trailing commissions to clients holding mutual funds in OEO dealer accounts and process client transfers.
The local blanket orders published by the MSC, OSC and AMF will be extended following their expiration on November 30, 2023 to ensure investors are not negatively impacted by the transition to the OEO trailer ban.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

The Sherwin-Williams Foundation and The Urban League of Greater Cleveland Partner to Foster Economic Inclusion for Minority-Owned Construction Companies

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水曜日, 5月 18, 2022

"The Sherwin-Williams Foundation is pleased to partner with the Urban League of Greater Cleveland to positively impact the greater Cleveland community and support minority-owned business growth through fostering economic inclusion for minority-owned construction companies," said John G. Morikis, President of the Foundation, and Chairman and Chief Executive Officer of The Sherwin-Williams Company (NYSE: SHW).

Key Points:

"The Sherwin-Williams Foundation is pleased to partner with the Urban League of Greater Cleveland to positively impact the greater Cleveland community and support minority-owned business growth through fostering economic inclusion for minority-owned construction companies," said John G. Morikis, President of the Foundation, and Chairman and Chief Executive Officer of The Sherwin-Williams Company (NYSE: SHW).
"We commend The Sherwin-Williams Foundation and ULGC for joining forces to establish this new program.
The CAP is designed to incorporate strategies that will strengthen, accelerate and position businesses for next-level engagement in construction projects.
For more information about the Urban League of Greater Cleveland, visit ulcleveland.org.

Canadian securities regulators to introduce temporary exemptions to facilitate implementation of the OEO trailer ban

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金曜日, 3月 18, 2022

Communication, Organization, Ontario Securities Commission, OSC, Time, Industry, Publishing, CSA, Outline, Trailer, OEO, Financial adviser

The CSA announces today temporary exemptions published by the Ontario Securities Commission (OSC) aimed at facilitating the OEO Trailer Ban in Ontario.

Key Points:

The CSA announces today temporary exemptions published by the Ontario Securities Commission (OSC) aimed at facilitating the OEO Trailer Ban in Ontario.
OEO dealers and fund organizations will be exempted from the OEO trailer ban to facilitate dealer rebates of trailing commissions to clients holding mutual funds in OEO dealer accounts and process client transfers.
The order comes into force on June 1, 2022, the effective date of the OEO Trailer Ban, and expires on November 30, 2023.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Mogo Reports Second Quarter 2021 Financial Results & Provides FY2022 Outlook

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水曜日, 8月 11, 2021

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (Mogo or the Company), a digital payments and financial technology company, today announced its financial and operational results for the second quarter ended June 30, 2021.

Key Points:

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (Mogo or the Company), a digital payments and financial technology company, today announced its financial and operational results for the second quarter ended June 30, 2021.
Strong financial position with combined cash, investments and digital assets at quarter end of $75.8 million.
Mogo achieved very strong results for the quarter led by accelerating subscription & services revenue growth and record gross profit.
Mogo will host a conference call to discuss its Q1 2021 financial results at 3:00 p.m. EDT on August 11, 2021.