Latest news with #securitiesregulations
Yahoo
3 days ago
- Business
- Yahoo
Cable One, Inc. (CABO) Faces Legal Scrutiny from Edelson Lechtzin LLP
Citing possible breaches of federal securities regulations, Edelson Lechtzin LLP has launched an investigation into Cable One, Inc. (NYSE:CABO). The inquiry follows serious concerns regarding potential misrepresentation of the company's operational outlook ahead of its first-quarter earnings announcement, which sharply missed analyst expectations and resulted in a market backlash. A customer in their home enjoying premium channels, high-definition set-top boxes, and whole-home DVRs. On May 1, 2025, Cable One, Inc. (NYSE:CABO) disclosed disappointing Q1 figures and said it would suspend its previously anticipated dividend. These results and announcements, deviating from the earlier guidance, prompted skepticism from analysts at KeyBanc and Raymond James, who criticized the company's previous forecasts on subscriber and broadband revenue growth. The stock quickly plummeted by 41.79%, reaching $152.51 per share on May 2. Having launched an inquiry on Cable One, Inc. (NYSE:CABO), Edelson Lechtzin LLP calls for those with non-public information related to the company to come forward and assist in the investigation. The probe has been initiated amid CEO Julia M. Laulis's retirement. Laulis has held on to the role for more than two decades at Cable One, Inc. (NYSE:CABO) and has over 40 years of expertise in the cable sector. Founded in Arizona, Cable One, Inc. (NYSE:CABO) delivers broadband internet, voice, and video services across underserved regions in the U.S. The company's core operations are centered around subscriber growth and infrastructure upgrades, areas that are now under investor scrutiny. While we acknowledge the potential of CABO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds Disclosure: None. 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
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Groups representing investment managers urge regulators to harmonize provincial securities regulations
Groups representing Canada's investment management industry are urging provincial regulators to reduce interprovincial trade barriers by harmonizing their securities regulations. CFA Societies Canada and the Portfolio Management Association of Canada argue in a letter sent Thursday to the Canadian Securities Administrators that significant differences in securities regulations between provinces are hampering the investment management sector's contribution to the country's economy. 'We believe 'the moment' Canada is facing both economically and geopolitically requires thoughtful but urgent action to address longstanding issues. A more harmonized securities regulatory environment in Canada will benefit the Canadian economy and the public interest,' says the letter to the CSA, an umbrella organization comprised of provincial securities regulators. The Portfolio Management Association of Canada represents regulated portfolio management firms, while CFA Societies Canada represents the country's CFA charter-holders and its 12 member societies. In recent months, federal and provincial governments have taken steps to remove interprovincial trade barriers and bolster the Canadian economy. Prime Minister Mark Carney has said that dismantling the barriers could help offset the effects of U.S. President Donald Trump's tariffs. The Ontario government introduced legislation last month to begin tackling such barriers. 'There's an incredible well of energy around not-business-as-usual-type thinking right now,' said Michael Thom, managing director of CFA Societies Canada, in an interview. 'And if we let that moment pass, it'll be gone, and we will all regret not having pounced on that moment.' For instance, all Canadian securities regulators except Ontario have adopted a passport system that allows companies or individuals to deal with only one principal regulator when filing a prospectus or seeking exemptions. 'Ontario is the centre of Canadian capital markets, and so that represents a significant duplication of efforts and significant complexity for registrants to navigate,' Mr. Thom said. In his view, the burden of fragmented securities regulations falls inordinately on investment managers, as more effort has been made to streamline the process for publicly traded companies. Previous efforts to address regulatory fragmentation by creating a national securities regulator have failed. In 1935, the Royal Commission on Price Spreads recommended the creation of a pan-Canadian securities regulator. Since then, a number of attempts have been made to create such an entity, but none have succeeded. The most recent of those attempts, dubbed the Capital Markets Regulatory Authority, had buy-in from five provinces but was staunchly opposed by Alberta and Quebec. Katie Walmsley, president of the Portfolio Management Association of Canada, said good work emerged from that effort, even though the regulator never came to fruition. 'There's an inventory of these interprovincial differences that, with renewed effort, energy, resources, if somebody were to focus on, they could identify ones that would really make a difference to the Canadian economy,' Ms. Walmsley said. But she and Mr. Thom aren't advocating for another attempt at a national regulator. 'I don't think we need it to accomplish the objectives that we've set out,' he said. 'Ultimately, you can achieve the same ends – a common, singular regulatory experience – through harmonization.'
