OSC fines business owner $125,000

first_img The Ontario Securities Commission (OSC) has ordered a man to pay a $125,000 penalty and banned him from serving as a director or officer of an issuer for five years in connection with an improper distribution of securities. The OSC announced that it approved a settlement agreement with John Bordynuik concerning allegations that he carried out distributions of securities of his company, JBI John Bordynuik Inc., without filing a prospectus and without a proper exemption. It also alleged that he certified company financials that overstated the value of certain assets, and that he improperly utilized a trust account to distribute shares of JBI. James Langton Keywords Enforcement Related news Mouth mechanic turned market manipulator Share this article and your comments with peers on social mediacenter_img PwC alleges deleted emails, unusual transactions in Bridging Finance case The settlement notes that Bordynuik says he relied on the expertise of financial advisors, including JBI’s auditors, in certifying the financials. It also notes that he cooperated with the commission in this case, and that he “has already incurred significant penalties related to the issue of the misleading financial statements” in the U.S. In 2013, a Massachusetts federal court entered final judgments by consent against Bordynuik and his company, ordering JBI to pay $150,000 and Bordynuik to pay $110,000 in civil monetary penalties. He was also barred from acting as an officer or director of a public company in the U.S. for five years. JBI and Bordynuik consented to final judgments, without admitting or denying the allegations against them. Under the deal with the OSC, he is prohibited from acting as an officer or director of any reporting issuer for five years; and must pass the Partners, Directors and Senior Officers Course, before becoming a corporate officer again. He also agreed to pay an administrative penalty of $125,000 and $45,000 in costs. Facebook LinkedIn Twitter BFI investors plead for firm’s salelast_img read more

Meyer on Looking for Croissants in an Art Museum

first_imgCongratulations to Science Magazine for an Honest Portrayal of Darwin’s Descent of Man Evolution “A Summary of the Evidence for Intelligent Design”: The Study Guide Jane Goodall Meets the God Hypothesis Intelligent Design Meyer on Looking for Croissants in an Art MuseumElizabeth WhatelyApril 19, 2021, 6:44 AM Unfortunately, question-begging is the norm in an academic context where science has come to be defined not as the search for the best explanation of everything, but the search for the best naturalistic explanation of everything. Scientists open to intelligent design are relentlessly framed as “science-stoppers,” when in fact they are the ones best able to recognize, appreciate, and study the art in the universal gallery, and in the process take the scientific enterprise to new heights. The God hypothesis is no stop-gap in that enterprise. Rather, it is the culmination of multiple converging lines of positive evidence. Of course, such openness to explanations beyond the material for our own minds and actions will inevitably and uncomfortably open up more questions about the ultimate source of mind, the ultimate source of free will. These are the sorts of questions that some scientists will candidly admit they do not want to pursue. Like Richard Lewontin thundering that “we cannot allow a divine foot in the door,” they will never break out of their self-imposed circle. They will be forever shaking their fist in the direction of the art gallery’s information desk, forever waiting for croissants that will never be delivered.  In their own far more suave, academic way, scientists who label ID theory as a “God of the gaps” argument are not unlike the incensed man in the art gallery. As Meyer points out, the “gaps” in the phrase are only “gaps” within a closed system — a system that allows for no outside influx of information or designing intelligence. The materialist assumes from the beginning that all questions must ultimately be answered by natural means (“This is a bakery, the croissants have to be here somewhere!”). Thus, every place where no such solution has yet been found is a perpetually yawning chasm in his mind. Photo: Stephen Meyer, via Discovery Institute.Stephen Meyer’s new book, Return of the God Hypothesis, contains one of my new favorite analogies for what it’s like to do science under the restrictions of methodological naturalism. (Although, as Steve was quick to inform me when I interviewed him, the analogy is not his own. Proper credit is originally due to Paul Nelson, who is a font of apt analogies at all times!) Here it is: Imagine a man who walks into an art gallery, but instead of expecting a tour of great painters, he is expecting to help himself to some delicious pastries. You see, this man has a problem. He has mistaken the gallery for a bakery. Tags”God of the gaps”art museumbakerycroissantsinformationintelligent designmaterialismmethodological naturalismpastriesReturn of the God HypothesisRichard Lewontinscience stopperscientistsStephen Meyer,Trending Meyer further pointed out in our interview that such limiting assumptions hinder not only the inquiry into universal origins, but the study of human consciousness and behavior. The whole literature of cognitive science is built on the materialistic assumption that who we are and what we do must ultimately be attributed to nature or nurture. “But,” he said, “if there’s something called genuine agency, human free will, and if that plays a role in understanding human action and human behavior, we again may miss it if we impose a rigidly materialistic methodology on our inquiry.” Email Print Google+ Linkedin Twitter Sharecenter_img Closed Chasms Elizabeth WhatelyElizabeth Whately is a math teacher, freelance writer, and lover of old things, especially books. She holds a PhD in the field of mathematics. She especially enjoys writing about human exceptionalism, the arts, and the academic tugs-of-war between naturalism and theism. Share A bit confused, but undeterred, our hero marches up to the desk and demands to know where the croissants are. Upon being patiently informed that “Sir, this is an art gallery,” he becomes upset at this “gap” in the gallery’s service, or perhaps in the staff’s knowledge. “Bring out the croissants already!” he shouts, pounding the desk while the poor flustered woman at the desk calls for backup. “Come on, I know they’re here somewhere. You just don’t know where they are, so find someone who does!” It’s at this point or very shortly thereafter that the man should feel a firm hand on his shoulder, accompanied by a firm voice saying “Exit’s this way.” A Physician Describes How Behe Changed His MindLife’s Origin — A “Mystery” Made AccessibleCodes Are Not Products of PhysicsIxnay on the Ambriancay PlosionexhayDesign Triangulation: My Thanksgiving Gift to All Recommended Billions of Missing Links: Mysteries Evolution Can’t Explain Origin of Life: Brian Miller Distills a Debate Between Dave Farina and James Tour Email Print Google+ Linkedin Twitter Share Limiting Assumptions But if once the scientist paused to consider that he might have walked into a different establishment entirely, the chasms would close. His model would be turned on its head. Instead of pounding the desk and demanding the staff cough up their secrets, he would stop and enjoy the Starry Night, marveling at its intricate design. As it is, he persists in begging the question.last_img read more

Naked Boys Singing! Will Move to Off-Broadway’s Theater Center

first_img View Comments Dylan Hartwell in “Naked Boys Singing!”(Photo: Michael D’Angora) This long-running show is taking it off at a new venue. Naked Boys Singing!, the hit musical now in its record-breaking 20th year, will transfer to off-Broadway’s Theater Center beginning on July 20. The production will vacate its longtime home at Theatre Row.Naked Boys Singing! is a traditional musical revue in the vein of vaudeville and high-camp musical theater, which features six actors with gorgeous voices, hilarious comedic timing—and no clothing.Cast members continuing with the production include Quenton Bruno, Jon Gluckner, Dylan Hartwell, Daniel Lopez, Noah Pyzak, Erik Schneider and Greg Sullivan.Created in 1998 by Robert Schrock and a team of 12 writers to save L.A.’s Celebration Theatre, the show went on to play all around the world. In 2007, a film adaptation was released.Mason Griffin serves as the show’s musical director, with choreography by Alex Ringler and direction by Tom and Michael D’Angora.last_img read more