The penalties follow joint submissions from Pelcowitz and OSC staff on sanctions, which the commission found “was appropriate and proportionate” to the findings made against him after a hearing earlier this year. Following that hearing, the OSC ruled that Pelcowitz and IMG International Inc. (IMG) committed fraud; facilitated unregistered trading; and, acted contrary to the public interest. IMG was also permanently banned from the markets, and it was found jointly liable for the disgorgement order. In the case, OSC staff claimed that between August 14, 2008 and June 11, 2009, individuals identifying themselves as representatives of Nest Acquisitions and Mergers (Nest A&M) and IMG solicited investors as part of the advance fee scheme. Ultimately, the commission found that IMG and Pelcowitz had violated securities laws; but it dismissed the charges against Nest A&M, and an individual going by the name, Michael Smith, since OSC staff could not prove that they exist. Earlier, the OSC approved a settlement with another person accused in the scheme, and dropped its allegations against a fourth person. The Ontario Securities Commission (OSC) has ordered a $1 million in monetary sanctions, and a permanent market ban, against a man that it found participated in an advance fee scam. In its decision handed down last week, the OSC ordered that David Paul Pelcowitz must pay an administrative penalty of $300,000, over $600,000 in disgorgement, and $100,000 in costs. It also ordered that he be permanently ban from the markets. James Langton Share this article and your comments with peers on social media Related news Retail trading surge on regulators’ radar, Vingoe says Keywords FraudCompanies Ontario Securities Commission Imposters among us, CSA warns DoJ launches task force to tackle Covid-19 fraud Facebook LinkedIn Twitter
Keysight has introduced the new enhanced E8740A Automotive Radar Signal Analysis and Generation solution. This new solution enables radar-based, advanced driver assistance systems to proactively detect and mitigate risks of collisions.As advanced driver-assistance systems (ADAS) and autonomous vehicles gain in popularity, they also raise concerns about safety and reliability. Autonomous vehicles are dependent on advanced sensor technology with highly integrated radar. According to the Society of Automotive Engineers (SAE), autonomous vehicles require up to 24 of these radar sensors in each car. Interference between sensors can seriously impact automotive radar reliability. Even a slight error or unexpected misbehavior in the system could lead to a critical situation or accident.The new version of the Keysight E8740A automotive radar signal analysis and emulation solution is based on leading, high-performance physical layer instruments to ensure best in class radio frequency (RF) and mmWave performance verification for each radar design under test, as well as an easy-to-use, intuitive user interface to ensure maximum productivity. This comprehensive test solution also generates various real-world conditions to address any potential automotive radar interference issues.The new Keysight E8740A automotive radar signal analysis and generation solution offers: Powerful automotive radar interference test sequence and physical layer test plan creation based on Keysight’s PathWave software platform. Wideband mmWave and flexible (frequency-modulated continuous wave, continuous wave, orthogonal frequency division multiplexing, and coded modulation) signal generation. Pre-defined test set-up for automotive radar standards. Keysight is showcasing their latest Automotive solutions at EuMW 2018 this week in Madrid. For additional information about Keysight’s automotive test solutions, click here.