Latest news with #SettlementAgreement
Yahoo
a day ago
- Business
- Yahoo
Roma's Financial Fair Play restrictions to be lifted in 2026
Roma are heading into the final year of major financial restrictions on the market imposed by UEFA. As evidenced by several news outlets in Italy today, the constraints imposed by the Settlement Agreement with UEFA will officially expire in June 2026. Advertisement Until then, the Giallorossi will have to continue to operate with narrow margins, respecting the parameters of Financial Fair Play. But the horizon is finally starting to clear. From 2026, barring new violations, Roma will exit the sanctions regime that has forced it in recent years to adopt a policy of containment, made up of forced sales and targeted signings, often on a free transfer or with creative formulas involving loans deals. A necessity rather than a choice, due to the obligations undertaken with UEFA to return to the expected economic parameters. For the Friedkins, this will be a turning point. Once freed from the restrictions, the American ownership will no longer have any excuses: it will finally be able to build a Roma that lives up to its declared ambitions. More freedom on the market, more room for investment and, consequently, fewer constraints in building a competitive squad for the top of Serie A.
Yahoo
3 days ago
- General
- Yahoo
US is seeking release of man wrongly sent to El Salvador, but it's not Abrego Garcia, court records show
BALTIMORE — Court records show that U.S. Secretary of State Marco Rubio is personally intervening with El Salvador to facilitate the return of a Venezuelan man with the pseudonym 'Cristian' — a case similar to one in which a judge has directed the Trump administration to bring Kilmar Abrego Garcia back to Maryland. Rubio has 'a personal relationship' with President Nayib Bukele of El Salvador and 'is committed to making prompt and diligent efforts' to comply with a court order to facilitate Cristian's return, said a document filed Monday in U.S. District Court in Maryland by a U.S. Immigration and Customs Enforcement (ICE) official. The document raises questions about whether Rubio is also seeking the release of Abrego Garcia, a 29-year-old sheet metal apprentice mistakenly deported to El Salvador and imprisoned in March. Abrego Garcia has not been returned, and another Maryland judge, Paula Xinis, ordered U.S. officials to be deposed on what, if anything, they have done to facilitate his return. The Trump administration has said it lacks the authority to compel the release of Abrego Garcia because he is in foreign custody. Monday's document disclosed that Rubio 'has a personal relationship with President Bukele and senior officials in the El Salvadoran government that dates back over a decade to the Secretary's service on the Senate Foreign Relations Committee.' The court document, written by ICE official Melissa B. Harper, said the State Department had authorized her to say that Rubio 'is personally handling the discussions with the government of El Salvador' regarding Cristian's case 'based on this deep experience with El Salvador and the Secretary's familiarity with political and diplomatic sensitivities in that country.' The Baltimore Sun has reached out to the White House asking whether Rubio's actions in Cristian's case and relationship with Bukele contradict earlier statements that the United States is unable to secure Abrego Garcia's release. Trump administration officials have said without evidence that Abrego Garcia was a gang member. 'Cristian' is a Venezuelan man wrongly sent to an El Salvador prison while he had a pending asylum application, said the federal judge in his case, Stephanie Gallagher. He requested to go by a pseudonym — court papers call him 'Cristian' — because of concerns for his safety while in detention or elsewhere. In a previous document, Gallagher compared her order in Cristian's case to that imposed by Xinis, who has ordered the Trump administration to 'facilitate and effectuate' the return of Abrego Garcia. 'Like Judge Xinis in the Abrego Garcia matter, this Court will order Defendants to facilitate Cristian's return to the United States so that he can receive the process he was entitled to under the parties' binding Settlement Agreement,' Gallagher wrote in April. Under the settlement agreement, Cristian was among a group who entered the United States as unaccompanied minors and were permitted to seek asylum, the judge wrote. --------------
Cision Canada
4 days 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
4 days 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
Yahoo
29-05-2025
- Business
- Yahoo
Roma's Financial Fair Play restrictions to be lifted in 2026
Roma are heading into the final year of major financial restrictions on the market imposed by UEFA. As evidenced by several news outlets in Italy today, the constraints imposed by the Settlement Agreement with UEFA will officially expire in June 2026. Until then, the Giallorossi will have to continue to operate with narrow margins, respecting the parameters of Financial Fair Play. But the horizon is finally starting to clear. From 2026, barring new violations, Roma will exit the sanctions regime that has forced it in recent years to adopt a policy of containment, made up of forced sales and targeted signings, often on a free transfer or with creative formulas involving loans deals. A necessity rather than a choice, due to the obligations undertaken with UEFA to return to the expected economic parameters. For the Friedkins, this will be a turning point. Once freed from the restrictions, the American ownership will no longer have any excuses: it will finally be able to build a Roma that lives up to its declared ambitions. More freedom on the market, more room for investment and, consequently, fewer constraints in building a competitive squad for the top of Serie A.
