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Massachusetts fines Fidelity $750,000 for rubber-stamping options trading applications

Published Sat, 08 Feb 2025 04:15:52 GMT

The Bay State has fined Fidelity Brokerage Services $750,000 over the company’s past practice of rubber-stamping options trading applications.Secretary of the Commonwealth William Galvin has handed down the fine to Fidelity in response to what he has referred to as a “half-hearted and lackadaisical attitude” toward safeguarding retail investors.In the consent order filed by Galvin’s Securities Division, the state notes that Fidelity has taken steps to improve its application review systems and online applications since last January. That’s when the Division filed a complaint alleging that Fidelity failed to properly vet customers who applied to be approved for options and margin trading.The Securities Division had said Fidelity’s application review system allowed customers to submit multiple applications, each time with the information altered until the customers met the requirements to be approved.The complaint detailed examples of repeated appli...

Campland on the Bay storage facility erupts in flames

Published Sat, 08 Feb 2025 04:15:52 GMT

SAN DIEGO -- A storage facility at Campland on the Bay erupted in flames Monday afternoon, sending a large plume of black smoke over Mission Bay.A storage facility at Campland on the Bay erupted in flames Monday afternoon, sending a large plume of black smoke over Mission Bay. (KSWB)The blaze was reported just before 2 p.m. at the RV resort in the 2200 block of Pacific Beach Drive, according to San Diego Fire-Rescue Department. Man killed in Vista One person was treated for smoke inhalation, the fire department said in a post on X, formerly known as Twitter.Check back for updates on this developing story.

'Octobake': Santa Ana winds to warm up San Diego

Published Sat, 08 Feb 2025 04:15:52 GMT

SAN DIEGO -- Get ready for a warm and dry second half of the week, San Diego.Despite the chill in the air San Diegans may have felt -- perhaps even enjoyed -- Monday morning, don't expect it to feel like fall for long. Conditions are about to gradually heat up. Starting Wednesday, temperatures will increase west of the mountains due to high pressure and increased offshore flow, the National Weather Service in San Diego forecasted Monday. How much rainfall has San Diego County had this water year? High temperatures were expected to be below average Monday and Tuesday, hit average on Wednesday and be "well above average" as the week comes to an end. Valleys and inland coastal areas will get into the 90s and the coast will be in the 80s Thursday through Saturday.Weak Santa Ana winds are expected over the mountains and valley foothills starting Tuesday, and will strengthen slightly Wednesday and Thursday."We are entering Oct...octo...Octo-bake?" NWS mused Sunday in a post on X, former...

2 Indianapolis officers plead not guilty after indictment for shooting Black man asleep in car

Published Sat, 08 Feb 2025 04:15:52 GMT

INDIANAPOLIS (AP) — Two Indianapolis Metropolitan Police Department officers indicted for shooting a Black man who was sleeping in a car outside his grandmother’s house entered not guilty pleas Monday.Officers Carl Chandler and Alexander Gregory entered the pleas to charges of battery and criminal recklessness charges.Marion County Prosecutor Ryan Mears announced Friday that a grand jury had indicted Gregory and Chandler in connection with the Dec. 31 predawn shooting of Anthony Maclin on the city’s north side.The officers’ attorneys issued a statement Friday saying the officers acted in accordance with their training to defend their lives when a subject grabbed a gun and raised it toward them.”“Video, testimonial, and other evidence will establish the legality of their actions,” attorneys John Kautzman and Edward Merchant said in the statement.Maclin’s attorney, Stephen Wagner, has said the officers fired at least 30 shots, hitting his client three times and leavi...

Luke Donald urged to stay as European captain for Ryder Cup defence as new generation emerges

Published Sat, 08 Feb 2025 04:15:52 GMT

GUIDONIA MONTECELIO, Italy (AP) — European captain Luke Donald was delivering his Ryder Cup victory speech in front of a giddy crowd at Marco Simone when his celebrating players standing beside him started a chant that quickly swept through the grandstands.“Two more years” was the cry — seemingly led by Rory McIlroy — which drew a broad smile from Donald.As the party continued into the night in Rome, Donald tempered any talk of him staying on as captain after orchestrating Europe’s 16 1/2-11 1/2 victory over the Americans that won back the 17-inch golden trophy on Sunday.For Donald, any thoughts of leading the Europeans into what will be a febrile atmosphere at Bethpage Black in New York in 2025 could wait.Not so for McIlroy.“I think everyone sitting here,” the four-time major winner said in the post-competition team news conference, “would be very happy to have him again.”No one has captained Europe in back-to-back Ryder Cups since Bernard Gallagher did so, three times in a row in ...

Judge denies request by three former Memphis officers to have separate trials in Tyre Nichols death

Published Sat, 08 Feb 2025 04:15:52 GMT

MEMPHIS, Tenn. (AP) — A judge on Monday denied requests by three former Memphis officers to have separate trials in the fatal beating of Tyre Nichols after a traffic stop.Lawyers for Tadarrius Bean, Desmond Mills and Justin Smith had filed motions to sever their cases from Demetrius Haley and Emmitt Martin, arguing that they could not receive fair trials if they all face a jury together for the violent beating of Nichols on Jan. 7 that was caught on police video.Shelby County Judge James Jones Jr. issued an order Monday denying those requests, saying that severing the cases is not required to protect their rights to a “fair determination” of their guilt or innocence. All five former members of a Memphis Police Department crime-suppression unit have pleaded not guilty to state charges including second-degree murder and aggravated kidnapping in the beating of Nichols, who was punched, kicked and slugged with a police baton after he fled a traffic stop during which he was hit with a st...

Banners purportedly from Mexico’s Sinaloa cartel say gang has sworn off sales of fentanyl

Published Sat, 08 Feb 2025 04:15:52 GMT

MEXICO CITY (AP) — Banners appeared Monday in northern Mexico purportedly signed by a faction of Mexico’s Sinaloa cartel claiming that the gang has sworn off the sale and production of the synthetic opioid fentanyl.But experts quickly cast doubt on the veracity of the claim, saying that fentanyl — which has caused tens of thousands of overdose deaths in the United States — remains one of the cartel’s biggest money makers.Prosecutors in Sinaloa confirmed that the banners appeared on overpasses and near roadways, but could not say whether they were authentic or who had hung them up. The machine-printed banners purportedly signed by the sons of imprisoned drug lord Joaquin “El Chapo” Guzman claim they have prohibited the sale or production of fentanyl in the northern state of Sinaloa. The sons are known as “the Chapitos” after their famous father. “In Sinaloa, the sale, manufacture, transport or any other business dealing with fentanyl, is strictly prohibited, including the sale of che...

95-year-old painter threatened with eviction from Cape Cod dune shack wins five-year reprieve

Published Sat, 08 Feb 2025 04:15:52 GMT

PROVINCETOWN, Mass. (AP) — A 95-year-old painter and his family threatened with eviction from the Provincetown, Massachusetts, dune shack they have helped care for and occupy for nearly eight decades have won a reprieve.A legal team representing the painter worked out an agreement with federal officials that allows Salvatore Del Deo and his family to continue to live in and maintain the shack for five years, according to his son Romolo Del Deo.The shack is one of a number dotting the more remote reaches of the Cape Cod National Seashore, located within the Peaked Hill Bars Historic District in Provincetown and Truro. The isolated shacks have no electricity or indoor plumbing and are prized for their uninterrupted solitude.The family was abruptly evicted by the National Park Service during the summer when the agency opted to start a bidding process to let the public apply for up to 10-year-leases to occupy eight of the shacks. The shack occupied by the Del Deos was not among the eigh...

Northern California seashore searched for missing swimmer after unconfirmed report of a shark attack

Published Sat, 08 Feb 2025 04:15:52 GMT

POINT REYES NATIONAL SEASHORE, Calif. (AP) — Authorities searched a remote section of California’s Point Reyes National Seashore on Monday for a swimmer missing since a possible shark attack during the weekend.The swimmer was reported missing late Sunday morning near Point Reyes, northwest of San Francisco Bay, said U.S. Coast Guard Petty Officer Hunter Schnabel.The Coast Guard suspended its search Monday morning. “We didn’t find the individual so there’s no way for us to confirm whether or not it was a shark attack,” Schnabel said.The National Park Service continued a search along the shore of Wildcat Beach and by watercraft, said Christine Beekman, the Point Reyes public information officer.Beekman said other swimmers reported the disappearance. The missing person’s identity had yet to be positively confirmed, she said.The Associated Press

Woman charged with attempted abduction of boy, 4, in Hamilton

Published Sat, 08 Feb 2025 04:15:52 GMT

Police in Hamilton have charged a woman in the attempted abduction of a four-year-old boy who was with his mother at the time of the alleged incident.Officers were called to the Jackson Street West and MacNab Street South area just before 7 p.m. on Oct. 1.It’s alleged that a female suspect approached a four-year-old boy while he was with his mother. The woman hugged the boy and then walked away with him in her arms.Police said when the mother confronted her, she placed him back on the ground and left the area. The suspect was arrested a short time later.The boy was not harmed.Authorities noted that the accused and the mother and boy are not known to each other. They identified the woman as 37-year-old Simithy Mansaray of Hamilton.She’s been charged with the abduction of a person under 14.A Hamilton police spokesperson said that “given the nature of the incident,” the woman’s photo was released to the public.