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Decision Notice – CIRO Hearing Panel issues Reasons for Decision in the matter of Karen Elisabeth Puzara

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TORONTO, Nov. 26, 2024 /CNW/ – Following a settlement hearing, pursuant to the Mutual Fund Dealer Rules, held on November 8, 2024, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) found that Karen Elisabeth Puzara borrowed monies from a client and thereafter was indebted to the client, which gave rise to a conflict or potential conflict of interest that she failed to disclose or otherwise ensure was addressed by the exercise of responsible business judgment influenced only by the best interests of the client.

The hearing panel issued their reasons for decision on November 13, 2024, which are available at:

Re Puzara 2024 CIRO 80

In their reasons for decision, the hearing panel confirmed the fine of $25,000 and a suspension from conducting securities related business in any capacity while in the employ of or associated with any Dealer Member of CIRO for a period of three months imposed on Karen Puzara.

Karen Puzara is also required to pay costs in the amount of $5,000.

The violations occurred while Karen Puzara conducted business at HollisWealth Advisory Services Inc. and its successor Investia Financial Services Inc. in the London, Ontario area. Karen Puzara continues to be employed within the industry in a registered capacity with Investia Financial Services Inc.

The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.ciro.ca.

All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO’s website.

Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.

CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

SOURCE Canadian Investment Regulatory Organization (CIRO)

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Globe Telecom Builds on Long-Term Partnership with Vectra AI to Strengthen its Security Operations

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SINGAPORE, Nov. 27, 2024 /PRNewswire/ — Vectra AI, Inc., the leader in AI-driven XDR (extended detection and response) today announced the extension of its long-term partnership with Globe Telecom, the largest mobile network provider in the Philippines. This collaboration aims to bolster Globe Telecom’s cybersecurity operations across its network. Key improvements from this partnership have enabled Globe Telecom to reduce alert noise by 99% and significantly enhance its security posture, ensuring reliable services for over 80 million customers.

Leveraging Vectra AI’s solutions, Globe Telecom has cleared a fog of cyber threats across its extensive infrastructure within a year. The integration of AI-powered Attack Signal Intelligence™ provided detailed insights previously missed across its broader network, while the Network Detection and Response combined with CrowdStrike’s EDR offered complete visibility across both network and end-point activities.

After implementing Vectra AI’s solutions, Globe’s incident response time decreased to 3.5 hours, with a 99% reduction in noise and escalations.

Anton Bonifacio, Chief Information Security and Chief AI Officer at Globe Telecom, explains, “With Vectra in place, the light started to turn on. Its automation and filtering capabilities allowed us to focus on the most important threats, which made our team more efficient and effective in our response.”

With a clearer understanding of their network activity, Globe Telecom’s security team was able to maintain tighter control over their environment. Additionally, having a comprehensive view of east-west traffic and lateral movement allowed them to uncover hidden threats before any damage could occur.

Aylwin Lam, Regional Director for Vectra AI Asia, comments, “Ultimately, for security decision makers today, it’s about focusing on what’s urgent, by having the best view possible of the entire infrastructure and subsequent threats, assessed by severity and impact.”

As an extra layer of defence, Vectra’s MDR (Managed Detection and Response) service provided round-the-clock support, offering continuous alert management, threat hunting and expert analysis. With additional eyes on their network, Vectra MDR secured the frontline — enabling the Globe Telecom team to concentrate on high-priority alerts that demand immediate action.

“The MDR aspect was a key differentiator for us. Vectra’s MDR team and their threat-hunting expertise have been invaluable in helping us secure our environment,” Bonifacio said.

A recent Vectra AI report revealed that 73% of APAC security practitioners believe their organisations may have been compromised without their knowledge due to alert overload. Additionally, there is a growing disconnect between SOC practitioners and security vendors, with many (45%) expressing dissatisfaction with their current tools.

As for Globe Telecom, Bonifacio underscores the value of this collaboration, stating, “One thing that truly stands out about Vectra AI is the strong relationship we’ve built. They’ve always been a supportive partner, even during challenging times, and we really appreciate that.”

Lam concludes, “Vectra AI is proud to provide real-time visibility and MDR services to Globe Telecom, helping to eliminate threats and maintain reliable services for their 80 million customers.”

View original content:https://www.prnewswire.com/apac/news-releases/globe-telecom-builds-on-long-term-partnership-with-vectra-ai-to-strengthen-its-security-operations-302317113.html

SOURCE Vectra AI

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Panduit Corp. Expands Electrical Connectivity and Grounding Capabilities with New Manufacturing Facility in Monterrey, Mexico

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SINGAPORE, Nov. 27, 2024 /PRNewswire/ — Panduit Corp., a global leader in electrical and network infrastructure solutions, announces the strategic investment of a dedicated state-of-the-art manufacturing facility for its electrical connectivity and grounding capabilities in Monterrey, Mexico. The new 90,000 square-foot facility will further enhance the ability to deliver tailored electrical connectivity and grounding solutions to meet the growing demands of customers worldwide.

The new facility will focus on manufacturing a wide range of electrical connectivity products including wire termination-power connectors, terminals, and the advanced ReelSmart™ solution, as well as various grounding and bonding products. Additionally, Panduit will invest in new manufacturing equipment to expand capacity ̶ providing greater flexibility, quicker fulfillment, and streamlined processes. This strategic expansion aims to accelerate production and delivery timelines and provide customized solutions to address unique operational challenges.

“The strategic investment of a dedicated manufacturing facility will help us improve our lead times and availability for power and grounding products as well as give us the ability to more rapidly expand the portfolio offering for our customers,” said John Buck, Panduit Vice President, Industrial Electrical Infrastructure.

The Monterrey facility will play a key role in the mission to provide customers with exceptional electrical connectivity and grounding solutions that drive operational efficiency. Through its strategic location and advanced capabilities, Panduit aims to strengthen its global supply chain and better serve customers in various industries, from industrial manufacturing and renewable energy, to data centers and beyond.

About Panduit:

Since 1955, the Panduit culture of curiosity and passion for problem-solving have enabled more meaningful connections between companies’ business goals and their marketplace success. Panduit creates innovative electrical and network infrastructure solutions for enterprise-wide environments, from the data center to the telecom room, from the desktop to the plant floor. Headquartered in Tinley Park, IL, USA and operating in 112 global locations, Panduit has a proven reputation for quality and technology leadership, coupled with a robust partner ecosystem, to help support, sustain, and empower business growth in a connected world. For more information, visit www.panduit.com.

Logo – https://mma.prnewswire.com/media/1627318/Panduit_Logo.jpg

View original content:https://www.prnewswire.com/in/news-releases/panduit-corp-expands-electrical-connectivity-and-grounding-capabilities-with-new-manufacturing-facility-in-monterrey-mexico-302316266.html

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Yantai Launches the International Zero-Carbon Island Cooperation Initiative to the World

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BAKU, Azerbaijan, Nov. 26, 2024 /PRNewswire/ — On the morning of November 13, the release conference of the International Zero-Carbon Island Cooperation Initiative, hosted by the Ministry of Ecology and Environment of China and the People’s Government of Shandong Province, and organized by the Foreign Affairs Office of Shandong Province, the Department of Ecology and Environment of Shandong Province, and the Yantai Municipal Government, was successfully held at the China Pavilion during the COP29 in Baku, the capital of Azerbaijan.

Together with representatives of 32 domestic and international island cities, international organizations, academic institutions, financial institutions, and enterprises, Yantai called for global island stakeholders to strengthen cooperation with each other in enhancing climate resilience, exploring zero-carbon pathways, protecting resources and ecosystems and engaging in interactive exchanges, meanwhile trying to establish the Organization of International Zero-Carbon Island Cooperation in order to help the sharing of information, technologies and experiences of all sides and to build synergies for islands to cope with climate change and strive for sustainable development.

On November 15, the Yantai Municipal Government, in collaboration with the Foreign Environmental Cooperation Center of the Ministry of Ecology and Environment of China, the National Center for Climate Change Strategy and International Cooperation, co-hosted the High-Level Forum on South-South Cooperation on Climate Change.

The forum featured a discussion on “Best Practices in Global Climate Governance through Zero-Carbon Island Cooperation,” during which Mayor of Yantai Zheng Deyan delivered a keynote speech titled “Establishing an International Zero-Carbon Island Cooperation Organization for Closer Connections Between Global Islands.” He introduced the organization’s background, framework, and focus areas, emphasizing Yantai’s commitment to uniting international partners to enhance communication and partnership between global islands for their sustainable development.

View original content to download multimedia:https://www.prnewswire.com/news-releases/yantai-launches-the-international-zero-carbon-island-cooperation-initiative-to-the-world-302317124.html

SOURCE Yantai Municipal Government

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