Latest news with #Baron
Cision Canada
a day ago
- Business
- Cision Canada
Michael Baron settles with the ASC for market manipulation
CALGARY, AB, June 2, 2025 /CNW/ - The Alberta Securities Commission (ASC) has concluded a Settlement Agreement and Undertaking (Settlement Agreement) with Michael Baron (Baron) for breaching Alberta securities laws relating to his role in a market manipulation involving the shares of Softlab9 Software Solutions Inc. (Softlab). In the Settlement Agreement, Baron admitted he engaged in a course of conduct he reasonably ought to have known may contribute to a false or misleading appearance of trading activity in, and an artificial price for, the shares of Softlab. Specifically, Baron admitted he, in coordination with others, engaged in uptick trading and bid support of Softlab shares in 2020. Uptick trading and bid support are trading strategies used in market manipulations to show false momentum or interest in the trading of a stock and to create an artificial price for the stock, not reflective of genuine supply and demand. Manipulative trading is a form of fraud, and is fundamentally incompatible with investor protection, market fairness and public trust in capital markets. As part of the Settlement Agreement, Baron paid the ASC $50,000 and agreed to resign all positions he may have as a director or officer, or both, of any reporting issuer. Baron also agreed to be prohibited, for a period of four years, from: acting as a director or officer, or both, of any reporting issuer; engaging in investor relations activities in respect of any reporting issuer; and trading in or purchasing securities or derivatives, with limited exceptions. Baron was a respondent in a Notice of Hearing issued by the ASC on April 2, 2024. According to the Settlement Agreement, Baron had a less-significant role in the admitted conduct than other respondents, and no role in the other allegations described in the Notice of Hearing. A copy of the Settlement Agreement is available online. The hearing into the allegations against the remaining Respondents was scheduled to commence on May 26, 2025, but has been adjourned. For more information on the hearing, visit the Status of Current Proceedings page at The ASC gratefully acknowledges the assistance of the BC Securities Commission (BCSC), Autorité des marchés financiers (AMF), Canadian Investment Regulatory Organization (CIRO), Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and Financial Industry Regulatory Authority (FINRA) in this matter. The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
Yahoo
a day ago
- Business
- Yahoo
Michael Baron settles with the ASC for market manipulation
CALGARY, AB, June 2, 2025 /CNW/ - The Alberta Securities Commission (ASC) has concluded a Settlement Agreement and Undertaking (Settlement Agreement) with Michael Baron (Baron) for breaching Alberta securities laws relating to his role in a market manipulation involving the shares of Softlab9 Software Solutions Inc. (Softlab). In the Settlement Agreement, Baron admitted he engaged in a course of conduct he reasonably ought to have known may contribute to a false or misleading appearance of trading activity in, and an artificial price for, the shares of Softlab. Specifically, Baron admitted he, in coordination with others, engaged in uptick trading and bid support of Softlab shares in 2020. Uptick trading and bid support are trading strategies used in market manipulations to show false momentum or interest in the trading of a stock and to create an artificial price for the stock, not reflective of genuine supply and demand. Manipulative trading is a form of fraud, and is fundamentally incompatible with investor protection, market fairness and public trust in capital markets. As part of the Settlement Agreement, Baron paid the ASC $50,000 and agreed to resign all positions he may have as a director or officer, or both, of any reporting issuer. Baron also agreed to be prohibited, for a period of four years, from: acting as a director or officer, or both, of any reporting issuer; engaging in investor relations activities in respect of any reporting issuer; and trading in or purchasing securities or derivatives, with limited exceptions. Baron was a respondent in a Notice of Hearing issued by the ASC on April 2, 2024. According to the Settlement Agreement, Baron had a less-significant role in the admitted conduct than other respondents, and no role in the other allegations described in the Notice of Hearing. A copy of the Settlement Agreement is available online. The hearing into the allegations against the remaining Respondents was scheduled to commence on May 26, 2025, but has been adjourned. For more information on the hearing, visit the Status of Current Proceedings page at The ASC gratefully acknowledges the assistance of the BC Securities Commission (BCSC), Autorité des marchés financiers (AMF), Canadian Investment Regulatory Organization (CIRO), Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and Financial Industry Regulatory Authority (FINRA) in this matter. The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets. SOURCE Alberta Securities Commission View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Global News
4 days ago
- Business
- Global News
City of Vernon vows to meet with non-profits after backlash over rent at civic facilities
More non-profit groups are denouncing what they call significant rental fee increases imposed by the City of Vernon at civic properties used for community events. 'It's hard,' said Ingrid Baron, chair of the Creative Chaos event. 'It's hard if we all go, 'Who is going to rent these facilities?'' Creative Chaos, Canada's largest craft fair, brings in thousands of people every year. The event is celebrating its 50th anniversary this year and for the first time in its history, aside from the COVID-19 pandemic, will be operating at a loss. 'We tightened up on a few things,' Baron said. 'We were going to have a bit of a bigger celebration thing, so we've tightened up there. We tightened up on our performing arts, dipped into some savings.' Story continues below advertisement The cost-cutting measures, Baron said, were necessary as the non-profit society has to pay a lot more this year to rent the venue space at the Vernon Recreation Centre. 'We were shocked because it was a 32-per cent increase from the year before,' Baron said. The Vernon Farmers' Market is in a similar situation. It rents the parking lot at Kal Tire Place every Monday and Thursday and it too is now faced with much higher rental fees. 'It's significant, ' said Sarah Martel, president of the Vernon Farmers' Market Society. 'A big increase.' According to Martel, the rent hike has tripled in just two years going from around $3,000 to $14,000 a year. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'It's forced us to increase the price for vendors,' Martel said. 'As a result, we have seen a decrease in the amount of vendors that come. If they're making a loss every day, you know, where do they go from there?' Martel said the market has decreased by about half the size it was five years ago, with only about 80 vendors left. While part of that is blamed on the pandemic, more recently it's the rising fees that are contributing to the shrinking market. Story continues below advertisement 'It's really sad because all the money that's spent at the farmers' market, and even the money that's created and generated by these small businesses, it all stays in Vernon and it all goes to the Vernon local economy,' Martel said. 2:16 Okanagan Military Tattoo cancelled due to soaring rental fees The Greater Vernon Chamber of Commerce has been advocating for fairer fees for non-profit user groups since 2023 arguing it is in the community's best interest. 'Unfortunately, we haven't seen the results that we had hoped for,' said Dan Proulx, the chamber's general manager. 'So what we're seeing now is unfortunately the effects of those increases that we warned the city was going to happen.' Proulx referred to the long-running Okanagan Military Tattoo that earlier this year pulled the plug on the event and cited the rental fee hike as the final straw for the tough decision. Story continues below advertisement In an email to Global News, the city's chief administrative officer, Peter Weeber, stated he's aware of the concerns over the rental fees for city facilities and plans on addressing them. 'I will be meeting with these organizations in person, including the Greater Vernon Chamber of Commerce, in the coming weeks to better understand their specific concerns,' Weeber said. 'If there are challenges, I want to harness the knowledge and experience within the business community to help address them.' At the farmers' market on Thursday, some shoppers questioned why the city is putting up barriers at a time when buying local is top of mind for so many. 'The timing is absolutely inappropriate, atrocious and ridiculous,' said Vernon resident Rhonda Kohen. 'I don't understand it and where their heads are at because it hurts the city.' Last week, the city stated it had to strike balance between fees paid by the user and subsidization through taxation needs.
Business Insider
19-05-2025
- Business
- Business Insider
Legendary investor Ron Baron shares the early contrarian lesson that's helped him return 1,843% over 22 years
It's hard to imagine Ron Baron, the billionaire founder of Baron Capital, knowing little about investing. Baron is one of the most successful investors of his time, amassing more than $41 billion in assets under management since 1982. His Baron Partners Fund (BPTRX) is up 1,843% since launching in May 2003, trouncing the S&P 500's 536% return and beating 99% of similar funds over the last 5-, 10-, and 15-year periods, according to Morningstar data. But like all of us, he was once a beginner, too. After studying chemistry and then attending law school, Baron finally decided he wanted to work in finance. With no job offer, he moved into a friend's basement in New Jersey until he could find work. His engineer parents weren't happy. But his uncle bought him a copy of Joseph E. Granville's " A Strategy Of Daily Stock Market Timing For Maximum Profit." Reading it, Baron learned his first major lesson about investing: taking a contrarian approach to prevailing market consensus can pay off. "What made sense in this book, which was not intuitive, was that when news was really bad, you're supposed to invest, you're supposed to buy things," Baron told the Economic Club of New York on May 13. "And when news was really good, you're supposed to sell things." Essentially, don't chase returns on the back end of rallies when all the good news is already priced in. It's time-tested advice that many investing legends espouse. Warren Buffett's famous mantra was to "be fearful when others are greedy, and greedy when others are fearful." Sir John Templeton wrote: "Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell." Investor sentiment has been all over the place in recent weeks. After President Donald Trump's "Liberation Day" tariffs announcement, investors became exceptionally bearish on stocks. A month ago, CNN's Fear and Greed Index was in "Extreme Fear" territory. But the outlook has improved as Trump has started to back off from his trade war. Right now, "Greed" is the dominant feeling among investors. Today, Baron is uber-bullish on Tesla, saying he believes its share price will grow 10x from current levels. The stock makes up 35% of his Baron Partners Fund. While Baron doesn't trade short-term macro developments, instead betting on companies he thinks will outperform over the long term, he still applies the lesson he learned early in his career by being ahead of the consensus on the stocks he buys and seeing future outcomes that no one else sees. "It's about being the opposite of what everyone else says," he said. And when things are going awry in markets and the economy, Baron stays cool and thinks about the big picture. "I just figure like John Lennon that in the long run, everything's going to work out. And if it doesn't work out, it's not the end yet," he said. "Sooner or later, everything works out. Man causes problems and then fixes the problems."
USA Today
18-05-2025
- Sport
- USA Today
Top rookie EDGE sleepers from the 2025 NFL Draft
Top rookie EDGE sleepers from the 2025 NFL Draft Only nine EDGE defenders were taken on Day 3 of the 2025 NFL Draft. Teams typically hone in on projectable traits that fit their system rather than looking for starters on the final day of the draft. However, multiple EDGE players should see the field as rookies in 2025. Let's look at some late-round EDGE sleepers. Jack Sawyer, Pittsburgh Steelers No. 123 Sawyer fits into the Steelers' depth chart behind T.J. Watt, Alex Highsmith, and Nate Herbig. Those are tough guys to beat out, but Sawyer has the toughness and mentality for Pittsburgh's defense. He totaled 15.5 sacks and 107 tackles over his two years as a starter at Ohio State and should find a spot in Pittsburgh's rotation. He'll likely have his greatest success against the run, but his motor, mentality, and fit in Pittsburgh's scheme will make him more productive than expected. Elijah Roberts, Tampa Bay Buccaneers No. 157 Roberts is shorter (6'3 ⅝'), but has very good length for a defensive end (33 ⅝' arm). This rare combination likely made him fall to the fifth round, but he has the skillset to perform as one of the three down linemen in Tampa's 3-4 scheme. Roberts took off once he arrived at SMU in 2023, totaling 17.5 sacks and 72 tackles in his two seasons as the full-time starter. He'll need to develop more pass rush moves, but Roberts' toughness and awareness against the run should get him on the field early in his career. Tyler Baron, New York Jets No. 176 It's odd for a guy with Baron's size and length (6'4 ⅝', 33 ⅛' arm) to last until the fifth round, but the Jets potentially fell into a solid rotational piece who can contribute early next season. Baron is more of a linear athlete than a dynamic mover, but his motor helps him make up for athletic limitations. He played four years at Tennessee before transferring to Miami, where he led the team in sacks last season with 5.5. New York has a similar type of player in Michael Clemons, who has been a rotational piece since entering the league in 2022. Baron should be able to beat out Clemons for the DE3 role, and at minimum, could create a 'hair on fire' duo that can spell the starters. Antwuan Powell-Ryland, Philadelphia Eagles No. 209 Josh Sweat leaving in free agency opens the door for sixth-round pick Powell-Ryland. The Eagles love to rotate through multiple pass rushers throughout games, and the Virginia Tech product's calling card is how he gets after the passer. It's a tall order to ask a late-round rookie to contribute to the Super Bowl-winning defense, but after Nolan Smith and Jalyx Hunt, the Eagles' EDGE depth chart isn't that special. Powell-Ryland will likely only see time on third downs, as his run defense isn't great. He posted a whopping 16 sacks in his final year in college and 25.5 over his two years at Virginia Tech. He'll need time to adjust to the NFL game, but that kind of production will be tough to keep off the field.
