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☆ SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits
▼ + stars: | 2024-09-25 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +2 min

The Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients' predesignated investment limits over a two-year period. The SEC said Merrill connected its clients to Harvest while it knew that investors' accounts were exceeding the set exposure levels under Harvest's management. Both Merrill and Harvest received larger management fees while investors were exposed to greater financial risks, the SEC said. Both companies were found to neglect policies and procedures that could have been adopted to alert investors of exposure exceeding the designated limits. "Today's action holds Merrill and Harvest accountable for dropping the ball in executing these basic duties to their clients, even as their clients' financial exposure grew well beyond predetermined limits."

Persons: Merrill Lynch, Merrill, Harvest, Mark Cave Organizations: The Securities, Exchange Commission, Bank of America, SEC Locations: New York

☆ Biniam Girmay: The Black African cyclist making history wherever he rides
▼ + stars: | 2024-07-21 | by ( Ben Church | ) edition.cnn.com time to read: +5 min

CNN —Biniam Girmay made history at this year’s Tour de France and the Eritrean cyclist wants to use his success to inspire others to follow his path. The Intermarche-Wanty rider, who previously became the first Black African to win a stage at the Giro d’Italia, now wants other Black riders to excel in the sport. “I’m convinced that my compatriots will be happy to hear that my future is intertwined with the team who gave me the opportunity to write important pages of African cycling history,” he said after signing his long-term contract. Only two other African riders, Robbie Hunter and Daryl Impey of South Africa, both White, had previously won stages at the Tour de France, per Reuters. Winning today is unbelievable.”He has since gone on to claim victories in Stages 8 and 12, achievements he hope will blaze a trail for the next generation of young Black riders to follow.

Persons: Biniam Girmay, It’s, ”, it’s, ” Girmay, Mark Cavendish, Peter Sagan, Daniel Teklehaimanot, Girmay, Molly Darlington, “, “ I’m, Teklehaimanot, de France Girmay, Robbie Hunter, Daryl Impey, White Organizations: CNN, de France, Eritrean, France, Giro, Eurosport, Olympic Games, Cycling, Intermarche, Tour de France, Reuters, “ Locations: “, Asmara, Swiss, Africa, Europe, Eritrea, South Africa

☆ Tourists can be a turnoff for wealthy travelers in hotspots like Tulum and Mykonos. Here are 4 places that are still an oasis for the ultra-rich.
▼ + stars: | 2024-07-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDuring the summer months, if you're not on vacation yourself, it feels nearly impossible to avoid seeing pictures or videos of everyone else's trips to popular hotspots. But while both destinations still attract several million tourists yearly, some ultra-rich vacationers seek more exclusive locations away from the hoi polloi. Its casinos, luxury shopping, and excess of yachts make it "a playground for the ultra-rich," according to West. Courtesy of Fraser YachtsFive-star hotels have attractive amenities, but luxury yachts unlock another level of privacy and mobility for those rich enough to own or charter one.

Persons: —, Alexa West —, Aman, Kylie Jenner, Justin Bieber, Valentin Luthiger Andermatt, Knight Frank, Mark Cavendish Organizations: Service, United Nations World Tourism Organization, Business, Aman Resorts, Aman Resorts Aman Resorts, Monaco Monaco, Monaco, Wall Street, Yachts, Fraser Yachts Locations: japan, Italy, Tourism, US's Utah, Aman Resorts Aman, Its Utah, Utah, Switzerland, Monaco, Mykonos, St, Tropez, Sardinia, Carinthia

☆ Mark Cavendish claims record-breaking 35th stage win at the Tour de France
▼ + stars: | 2024-07-03 | by ( Ben Church | ) edition.cnn.com time to read: +1 min

CNN —Mark Cavendish made cycling history on Wednesday, winning a record-breaking 35th stage at the Tour de France. The 39-year-old has now surpassed legendary cyclist Eddy Merckx after winning a chaotic sprint finish at the end of the 177.4 kilometer fifth stage from Saint-Jean-de-Maurienne to Saint-Vulbas. Breaking Merckx’s record, who last raced in the Tour de France 49 years ago, has seemed almost impossible for any cyclist, even Cavendish. I put a big gamble on this year to make sure we are good here at the Tour de France,” an emotional Cavendish told ITV after the win. His participation in this year’s Tour de France seemed in jeopardy during the first stage, though, as television cameras caught him vomiting on his bike, reportedly struggling from heat exhaustion.

Persons: Mark Cavendish, Eddy Merckx, Cavendish, “, ” Cavendish Organizations: CNN, Tour de France, Saint, Astana, ITV, de France, de Locations: Jean, Saint

The Citadel Securities logo is seen at their offices in Manhattan, New York City, U.S., October 31, 2022. REUTERS/Andrew Kelly Acquire Licensing RightsSept 22 (Reuters) - The U.S. Securities and Exchange Commission on Friday said Citadel Securities LLC, a Miami-based broker-dealer, had agreed to pay $7 million to settle charges it incorrectly handled millions of orders and violated short-selling rules. The SEC in a statement said Citadel Securities over a five-year period had incorrectly marked millions of orders, denoting short sales as long sales and vice versa. It said those incorrect markings resulted from a coding error in the firm's automated trading system. A Citadel spokesperson said the error was identified and addressed by the firm more than three years ago.

Persons: Andrew Kelly, Mark Cave, Rami Ayyub, Pete Schroeder, Carolina, Kirsten Donovan, Mark Porter Organizations: Citadel Securities, REUTERS, U.S . Securities, Exchange Commission, Citadel Securities LLC, SEC, Citadel, Thomson Locations: Manhattan , New York City, U.S, Miami

☆ Mark Cavendish Returns for a Last Tour de France—and Maybe an Untouchable Record
▼ + stars: | 2023-07-02 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

Mark Cavendish winning stage 10 of the 2021 Tour de France. Photo: PHOTO: Stephane Mahe/REUTERSVITORIA-GASTEIZ, Spain—No matter what happens over the next three weeks, Mark Cavendish plans to retire at the end of this season. At 38 years old, he’s won almost everything there is to win in pro cycling and crashed his bike more times than he can count. Whichever way this Tour de France goes, he knows it’ll all be over soon.

Persons: Mark Cavendish, Stephane Mahe, he’s Organizations: de France, REUTERS Locations: REUTERS VITORIA, GASTEIZ, Spain

☆ Groves wins chaotic Giro stage five after dog causes Evenepoel crash
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +3 min

May 10 (Reuters) - Favourite Remco Evenepoel crashed twice on stage five of the Giro d'Italia on Wednesday, the first time after a dog strayed on to the road in treacherous conditions caused by driving rain, before Kaden Groves won the stage in a bunch sprint. The second crash did not affect Evenepoel's time as it happened inside the three-km mark, effectively neutralising the general classification times. But the crash left the Belgian world champion fuming while the rest of the bunch surged ahead and Alpecin–Deceuninck's Groves dominated the sprint to win the stage. The breakaway trio of Thomas Champion, Samuele Zoccarato and Stefano Gandin had built up a head of steam before they were absorbed by the peloton with seven km to go. Just super bad luck, with the second crash," he said.

☆ Cristian Raileanu, cel mai bun ciclist moldovean al momentului, a luat startul în Turul Turciei
▼ + stars: | 2021-04-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

La moment nu suntem tare stresați, deoarece așteptăm etapa a cincea în care va fi o cățărare de 20 de kilometri. ", a spus ciclistul, Cristian Răileanu.Și ediția din acest an nu este o excepție. Cristian Raileanu concurează de la egal la egal cu cicliști legendari cum ar fi germanul Andre Greipel, multiplu câștigător de etapă în Turul Italiei și Turul Franței, dar și celebrul britanic Mark Cavendish, un sprinter de excepție cu 30 de victorii în Turul Franței și care a câștigat etapa a doua a Turului Turciei. La această cursă dată sunt foarte multe echipe puternice care în acest an vor participa la Turul Franței, Turul Italiei și la Vuelta. ", a spus ciclistul, Cristian Răileanu.În prima zi de concurs, Raileanu s-a clasat pe locul 74, iar în etapa secundă pe locul 83.

Persons: Cristian Raileanu, Andre Greipel, Mark Cavendish, Raileanu, Cristian Locations: Italiei, Franței, Turciei

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