News Hub | News Direct

Reform of Africa’s Criminal Justice Systems

BNP Paribas SA

A well-functioning criminal justice system (CJS) is the bedrock of a safe and secure society. It protects our communities from exploitation and our citizens against false accusations. The CJS comprises government agencies mandated through legislation to work together to deter crimes against individuals, societies, and states. In a collaborated effort, they serve to punish offenders who cause physical or psychological harm against persons, are involved in damage or theft of property, and those who perform crimes against the state. Criminal justice systems involve multiple parts, each with a distinct role. The adversarial nature of most criminal justice systems requires functional independence between the judiciary and the agencies that present criminal cases to courts on behalf of the people. Criminal justice systems are inherently complex because of the independent functioning of agencies such as police investigation, prosecution, judiciaries, and prison authorities. They involve several independent functions: crime reporting, detection, prosecution, adjudication, sentencing, incarceration, rehabilitation, and reintroducing prisoners into society. While there is a requirement for independence, each component depends on one or more of the other components, without which it cannot function. Social Deprivation A large percentage of crimes in Africa can be directly attributed to social deprivation caused by poor housing and parenting, poverty, low levels of education, and unemployment. Socially deprived individuals are easily given over to more detestable behavior, such as substance abuse and gangsterism, where there is no respect for human life and freedom and no regard for the rule of law. African countries have also become havens for crimes such as fraud, corruption, extortion, kidnapping, human trafficking, and modern slavery. Unlike the modus of operandi in the age of colonial slavery, greedy people from within African countries who operate in concert with international syndicates have become the main actors. Criminal Justice Realities CJS agencies worldwide are poorly coordinated and function in silos. Petty crime cases take as long to finalize as complex cases because of a lack of case classification and appropriate diversion programs. Very few, if any, countries can claim that they have successfully integrated their criminal justice process and information flows. Blame will frequently be shifted to different areas of the system, with budget limitations often cited as the primary obstacle. However, most criminal justice systems are fraught with inefficiencies that lead to wastage and duplication, leading to a continuous cycle of increasing inefficiencies. Criminal justice systems almost everywhere in Africa suffer from a lack of end-to-end governance and the absence of politically accountable individuals who can influence strategic government expenditure and oversee the alignment and smooth functioning of the system as an integrated whole. Some African countries have taken promising steps toward integrating their criminal justice systems and have sound process and information integration plans. This has, however, been hampered by a lack of continuity of decision-makers and functional heads across CJS agencies. Changes at the ministerial level frequently trigger shifts in leadership across subordinate appointments, which in turn result in strategic and operational pauses for long periods and disruption of previous integrated planning and systems implementation. Appropriate Tools Budgets are mostly allocated to the different CJS components in an unscientific and uncoordinated way, creating unbalanced systems that result in blockages from start to finish. The process is characterized by multiple iterations between investigators and prosecutors and many fruitless court appearances that result in postponements before court adjudication. The result is a very high rate of cases that are closed by the police as “undetected” and an alarmingly low conviction rate. This translates into a criminal justice system that does not serve as a deterrent to crime. A cursory survey among crime detectives in Africa will almost always point to lacking basic but essential tools, such as vehicles to transport them to crime scenes, limiting available access to witnesses, prosecutors, and attending court hearings. They often must share mobile phones, which serve a dual purpose as recording and photographic devices. Forensic investigators face similar issues. Prison Overcrowding Most African prisons are overcrowded. The number of convicted prisoners almost always exceeds prison capacity. Prisons also have to accommodate high numbers of offenders who are awaiting trial. They should be kept separately from sentenced prisoners, but this is not always the case. The result is that young first-time offenders are often locked up in the same ultra-crowded spaces as individuals with extensive criminal records. Recommendations for Criminal Justice Reform The success of criminal justice systems depends on their ability to function seamlessly, with balanced and optimized resource utilization across the CJS entities and performance measured on an end-to-end basis. Successful CJS reform interventions have political and executive backing at the highest levels, ensuring they maintain a sustained involvement in the ongoing performance of the CJS. The critical factors are listed below: Focused and integrated governance and oversight structures backed by senior political sponsors and high-level officials. A single vision, mission, and overall CJS objectives at federal, provincial/state levels. Coordinated strategies, plans, and budgets, including cross-departmental resource models. A legislative reform program to replace inhibiting and outdated legislation, to enact legislation, and to publish diversion programs and alternative dispute resolution regulations, thereby allowing CJS role players to focus on serious crimes. Implementation of a permanent CJS structure to: Specialist career paths for investigators, prosecutors, and judiciary members who deal with complex commercial crime cases and other emerging crimes, including cybercrimes. Integrated and accessible CJS information technology system with shared criminal case information, criminal history, and biometric information of sentenced offenders. Outcomes The recommended actions will have strategic and operational benefits for society and criminal justice actors, with tangible and measurable outcomes that include: Successful investigations with fewer iterations between prosecution and investigation. Reduced number of court postponements, offender remands, and a decreased “awaiting trial” population. Shorter criminal case lapse time and increased cases with a final verdict. Significant elimination of duplication and wastage of public funds. Improved public confidence. Conclusion Effective criminal justice can only be served when all the role players are aligned through a joint mandate, common overall objectives, and coordinated and managed operating processes and procedures. This is contrasted by disjointed criminal justice systems that work in silos. This truth has evaded the attention of politicians, government agency heads, and CJS strategists for many decades. Insufficient attention to joint capacity planning, headcount balancing, skills requirements, skills matching, legislative alignment, and reform initiatives, results in delayed justice or no justice. A well-thought-through strategic approach to problem identification and solving, combined with the active involvement of the highest level of decision-makers, will result in actions that will automatically allow for short-term quick fixes, medium-term solutions, and longer-term interventions that ultimately must all be incorporated into a strategic Criminal Justice Reform Program. Contact Details The Studebaker Group Johann Marx corporate@studebaker.group

September 20, 2024 04:30 PM Eastern Daylight Time

Image

News Release

Lado Okhotnikov’s Meta Force has attracted two million users in the past two years

BNP Paribas SA

There is a user counter embedded into the Meta Force site. In the middle of August 2024, the number of users surpassed two million. The company representatives confirmed the validity of the counts, so it is a two-million company now. Meta Force started at the end of June 2022, at the same time the blockchain-based DeFi platform was commenced. The project was launched without investment rounds and with modest advertising campaigns. Nevertheless, Meta Force is one of the most dynamically developing DeFi companies today. Lado Okhotnikov’s Meta Force enters the metaverses’ race From the very start, Meta Force offered convenient instruments for project teams. The new features were well accepted by the users and their number began to grow rapidly. In fall 2023 Meta Force started the transformation of its business infrastructure. The blockchain platform was being gradually transformed into a full-fledged metaverse. At its core, it was a completely new system, with new functionality and new opportunities. Many functions are unique and change the paradigm of the modern crypto-industry. The Metaverse, named Neo Dao, is a space for business, recreation, entertainment, communications, and finally, for ordinary life. Users can trade, own real estate, and buy and sell various virtual goods. Ownership of goods and sales contracts are executed using NFT. Many NFT goods will have copies in real life, and if needed, digital copies could be exchanged for real goods. This interconnects the virtual and real worlds. Meta Force diversifies its business In addition to crypto-business, Meta Force invests in promising research and innovative projects. Such include research on DNA sequencing, digitization of genetic data and the creation of an avatar with a digital genome identical to the user’s genome. This technology will provide means for creating the most authentic digital clone possible and simulate users’ health. Meta Force has organized the production of natural cosmetics and dietary supplements. Manufacturing and application of Meta Force products are based on holistic principles to provide comprehensive exposure to the patient, taking into account physiological, psychological and social factors, as well as the genetics of a particular patient. This approach allows a dramatic increase in the healing properties of the products. About Company Meta Force is the developer of the advanced blockchain-based DeFi platform and Neo Dao metaverse. Lado Okhotnikov is the CEO of Meta Force, an expert in cryptocurrency and blockchain technology, a prominent publicist, and a libertarian. Based on Dan Michael’s materials The head of Meta Force Press Center press@meta-force.space Contact Details Meta Force Press Center Dan Michael press@meta-force.space

September 20, 2024 12:11 PM Eastern Daylight Time

Haiti's Last Stand: International Cooperation to Reclaim a Nation

TSCO

With a complex crisis threatening the nation's stability and security, the future of Haiti is at a critical juncture. The fundamental rights and protection of Haitian citizens are increasingly under threat by the proliferation of gang violence, rampant corruption, and severe economic challenges. The government of Haiti is increasingly calling for the support of the international community to take a coordinated approach to address these challenges; however, due to the failure of past international interventions and other geopolitical factors, the international community has been slow to respond. The initial financial support and focus on peacekeeping missions may prove futile if not supported by long-term security reform initiatives that weed out corruption and the underlying social and economic issues that fuel instability. Over the past five years, Haiti has seen an alarming surge in gang-related activities. The capital, Port-au-Prince, is now home to over 95 gangs, part of the estimated 200 gangs operating across the country. These criminal organizations have entrenched themselves deeply within Haiti's political, economic, and critical infrastructure. The gangs now control vital resources such as ports, airports, and major transportation routes (Global Initiative Against Transnational Organized Crime, 2021). Their expansion is fueled by a range of illicit activities, including narcotics trafficking, human trafficking, arms smuggling, extortion, and political corruption (U.S. Department of State, 2021). The situation is further degraded by the corruption of Haitian politicians, wealthy families, border officials, and even members of the HNP who collude with various gangs to achieve their objectives. The Narcotics Trade and Regional Connections Haiti's strategic location in the Caribbean has made it a key transit point for the international narcotics trade, connecting South American suppliers with markets in North America and Europe. The country's porous borders and weak law enforcement have allowed criminal organizations to use Haiti as a hub for smuggling cocaine from Colombia and cannabis from Jamaica. These drugs often make their way through Haiti to neighboring Dominican Republic, the United States, and Western Europe (UNODC, 2020). The profits from this trade not only fuel gang activities within Haiti but also have destabilizing effects across the region. Arms Trafficking and International Implications Arms trafficking is another critical issue exacerbating violence in Haiti. The majority of firearms in the country are illegal and often sourced from the United States. These weapons, including high-powered rifles such as AK-47s, AR-15s, and more sophisticated high-caliber weapons, provide the gangs with a strategic advantage over the HNP. These weapons find their way into Haiti through both legal and illegal ports, as well as across poorly monitored borders (UNODC, 2020). Human Trafficking: A Global Crisis Human trafficking, particularly the trafficking of children, is a devastating consequence of Haiti's instability. The country has become both a source and a destination for victims of trafficking, including children exploited for forced labor and sexual exploitation. Natural disasters, such as the 2010 earthquake and Hurricane Matthew, have left many children orphaned or displaced, making them easy targets for traffickers. These children are trafficked to the Dominican Republic and other neighboring countries, where they are subjected to horrific abuses (U.S. Department of State, 2021). Combatting human trafficking in Haiti requires a multi-layered approach, including more robust border controls that include surveillance programs, enhanced victim identification and support services, and international cooperation to dismantle trafficking networks. A Proposed Strategy Toward Security and Judicial Reform A multifaceted approach is necessary to move forward, combining immediate security interventions with long-term structural reform initiatives. Ideally, this will require a Haitian-led International Joint Operational Task Force, supported by a Fusion Center, to gather intelligence. The task force would bring together diverse skills, including current or former law enforcement personnel and intelligence operatives with a successful track record in combatting gang-related crime. The task force's composition would include experts in counter-narcotics, human trafficking prevention, financial crime investigation, case management, profiling, interdiction, and cybersecurity. By integrating these capabilities, the task force will address the complex and interrelated challenges posed by Haiti's criminal networks. Former interventions and support by neighboring countries and the international community lacked the required longevity and sustainability. History has proven that previous temporary victories achieved by The United Nations Peacekeeping Forces have had a pendulum effect after their extraction from the country. While these efforts have brought temporary relief, they did not address the deep-rooted issues that perpetuate instability and violence. Without integrating other intelligence and law enforcement initiatives, a peacekeeping force focused primarily on reestablishing order cannot dismantle the complex criminal networks that fuel Haiti's crises. A more sustainable and coordinated approach is necessary—one that emphasizes actionable intelligence gathering to produce accurate data and robust criminal case evidence. This strategy would significantly enhance the success rate of prosecutions, ensuring that criminals are apprehended, convicted, and sentenced appropriately. To support this approach, a comprehensive transformation of Haiti's Criminal Justice System is essential, including the establishment of a special court dedicated to prosecuting cases related to organized crime, gang violence, and corruption. The special court would enable expedited approvals for warrants and court orders, ensuring the task force runs an effective and responsive program. Additionally, with an expected increase in the incarceration of criminals, rigorous capacity planning for the Correctional Services system is crucial. The initiative will require expanding prison facilities, improving conditions, and implementing rehabilitation programs to reduce the likelihood of repeat offenses. This multifaceted strategy would address the symptoms and causes of instability, ensuring a holistic approach to security reform and paving the way for long-term peace and security in Haiti. According to a former Chief of the HNP, previous counter-narcotics programs supported by Haitian allies led to significant successes. However, intelligence gathered within these interventions was not retained after the completion of the program and the subsequent extraction of the international counter-narcotics personnel. For this reason, a major key-critical success factor is establishing an Operational Fusion Center, a technology-rich hub equipped with a multi-mission platform that enables actionable intelligence gathering, data processing, and analysis. The platform will serve as the central gang repository for tactical and strategic situation monitoring, with automated after-action reports and evidence collection that increases the long-term success rate of prosecutions. Mission platforms of this nature serve as an evidence repository supported by advanced technology integration capabilities such as offensive cybersecurity, drone surveillance, geolocation tools, profiling and link analysis, social media monitoring, dark web analysis, and links to criminal and financial databases. Creating a comprehensive gang database provides actionable intelligence packages that would allow for precisely targeting and dismantling these criminal networks, leading to a sustainable impact for Haiti. Continuous monitoring of all law enforcement personnel is required to ensure that there are no links to gangs or potential weak points for exploitation, extortion, and corruption. This will include all HNP staff, port security personnel, and special units, as well as the careful selection and isolation of all Haitian staff involved in the Task Force. Combatting the Financial Power of Gangs Gangs in Haiti are heavily reliant on the proceeds of narcotics trafficking, human trafficking, arms smuggling, and other illicit activities. In collaboration with Haitian authorities, the international community should prioritize the seizure of assets linked to these activities while implementing rigorous financial investigations and asset confiscation programs and establishing specialized legal teams to ensure successful prosecutions. Overcoming criminal syndicates of this nature requires an intense drive to combat corruption and choke the source of their supply lines – the income that fuels and strengthens their expansion. Reestablishing Control Over Critical Infrastructure Gaining control over Haiti's critical infrastructure is essential for restoring order and stability. Law enforcement and interdiction personnel must secure ports, airports, and primary and secondary transportation routes to prevent the movement of illicit goods and the further entrenchment of criminal networks. The operational approach would require comprehensive security assessments and the deployment of advanced detection technologies, including container scanners, body scanners, and surveillance systems. Additionally, the regular vetting and monitoring of port and airport staff would help prevent corruption and ensure the integrity of operations. International Case Studies: Lessons from El Salvador and South Africa In the broader context of addressing gang violence, the approach of President Nayib Bukele in El Salvador offers a perspective worth studying. His approach to deploying military forces and his administration's aggressive tactics in implementing stringent security measures have significantly reduced crime. While these actions have effectively restored order, they also raise concerns about potential human rights violations and the erosion of democratic principles (BBC News, 2023). Bukele's methods highlight the importance of swift and decisive action for Haiti, where the situation is equally dire. This example underscores the delicate balance required in Haiti, where any intervention must be part of a broader, more holistic, and sustainable approach to security and development. The Scorpions unit, formally known as the Directorate of Special Operations (DSO) in South Africa, was a highly effective law enforcement agency established in 1999 to combat organized crime and corruption. The unit quickly gained a reputation for its rigorous investigations and successful prosecutions of high-profile cases. One of its most notable successes was the investigation and trial of Schabir Shaik, a businessman with close ties to former Deputy President Jacob Zuma. The Scorpions uncovered a complex web of corruption, leading to Shaik's conviction on fraud and corruption charges in 2005 (Smith, 2009). This case also laid the groundwork for subsequent legal proceedings against Zuma himself. Additionally, the Scorpions were instrumental in dismantling several drug trafficking syndicates and uncovering widespread corruption within government ranks, demonstrating the unit's effectiveness in targeting organized crime and public sector corruption. Despite its eventual disbandment in 2009, the legacy of the Scorpions remains a testament to the power of a dedicated, multi-disciplinary approach to law enforcement. The question remains whether a government thwarted with corruption will allow the establishment of a task force that will shine a spotlight on their illicit dealings. A Shared Responsibility for Change The crisis in Haiti represents a test of the international community's commitment to peace and security. It demands urgent and sustained action. By adopting a comprehensive strategy that addresses the immediate security threats and the underlying causes of instability, the international community can help Haiti chart a course toward recovery. International collaboration with regional organizations like the Caribbean Community (CARICOM) and international bodies like INTERPOL, INL, DEA, FBI, USAID, and the United Nations is essential for a coordinated response. As we confront Haiti's challenges, the question remains: Are we, as a global community, prepared to take the necessary steps to break the cycle of violence and instability, or will we allow this crisis to deepen? The future of Haiti depends on the collective efforts of those with the expertise, resources, and commitment to drive meaningful change. If you or your organization possess the capability to contribute positively—whether through strategic partnerships, financial support, or specialized knowledge in security, justice, or humanitarian efforts—your involvement could be pivotal in shaping a secure and prosperous future for Haiti. We invite you to reach out and explore how you can play a crucial role in this mission. Johann Marx Chief Investment Officer| The Studebaker Group Email: corporate@studebaker.group Web: http://www.studebaker.group/ References U.S. Department of State. (2021). 2020 Country Reports on Human Rights Practices: Haiti. Retrieved from https://www.state.gov/reports/2020-country-reports-on-human-rights-practices/haiti/ Global Initiative Against Transnational Organized Crime. (2021). Haiti: Gangs, Organized Crime, and the Political Crisis. Retrieved from https://globalinitiative.net/analysis/haiti-gangs-organized-crime/ Caribbean Financial Action Task Force (CFATF). (2019). Mutual Evaluation Report: Haiti. Retrieved from https://www.fatf-gafi.org/en/publications/Mutualevaluations/Mer-haiti-2019.html United Nations Office on Drugs and Crime (UNODC). (2020). Mapping Trends in Firearms and Drug Trafficking in Haiti. Retrieved from https://www.unodc.org/unodc/en/firearms/haiti-report.html BBC News.(2023). El Salvador's Gang Crackdown: A Deep Dive into President Bukele's Controversial Approach. Retrieved from https://www.bbc.com/news/world-latin-america-63793652 Contact Details Chief Investment Officer| The Studebaker Group Johann Marx corporate@studebaker.group

September 20, 2024 11:22 AM Eastern Daylight Time

Image

How NurseMagic Helps Patients Recieve The Care They Deserve

Benzinga

By Johnny Rice, Benzinga Dr. Ann Marie Sastry, CEO & Founder of Amesite Inc. (NASDAQ: AMST), was recently interviewed by Benzinga. Amesite specializes in the development and marketing of B2C and B2B AI-driven solutions. Harnessing the power of AI to build better educational platforms, Amesite empowers clients in higher education, businesses, medicine and government. The company creates custom solutions tailored to the specific needs of its clients. Dr. Sastry spoke about the incredible new app the company recently rolled out called NurseMagic which will help medical providers across the industry. Watch the full interview here: Featured photo by Piron Guillaume on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 20, 2024 09:15 AM Eastern Daylight Time

Video Image

Buffet Shifts To Cash, DoJ Launches Nvidia Investigation – Is It Time To Invest In Gold And Other Stores Of Value?

Benzinga

By Austin DeNoce, Benzinga Get your hands on gold with an IRA or delivered to your door with Preserve Gold! As market volatility surges and concerns over a potential U.S. recession intensify, investors are increasingly looking for a store of value to help protect their assets. Recent events, including a significant rise in the VIX and a Department of Justice (DoJ) investigation into the market darling Nvidia (NASDAQ: NVDA), have amplified fears of a broader market downturn. Adding to these concerns is renowned investor Warren Buffett’s decision earlier this year to increase his cash position by selling a large portion of his Apple (NASDAQ: AAPL) stake, signaling caution in one of the most experienced market players. With these developments unfolding, gold seems to be emerging as a compelling investment. Here’s why investors might consider adding gold to their portfolios. Rising Volatility And Market Concerns The volatility index (VIX), which measures expected volatility in the S&P 500 over the next month, has recently soared to levels not seen since the COVID-19 pandemic. This surge, driven by a dramatic 12% decline in Japan's Nikkei index and a subsequent global asset selloff, resulted in the VIX experiencing a record single-day increase of 181 points. Even surpassing levels observed during the 2008 financial crisis, this spike demonstrated the heightened bearish sentiment across global markets. The VIX futures market remains in backwardation, indicating that investors expect elevated volatility to persist in the short term. Amid this backdrop, speculative positioning in VIX futures suggests that some investors may be preparing for further market turbulence, despite recent adjustments indicating a potential shift toward more cautious, net-long positions. Additionally, while there have been some positive economic indicators, such as a strong ISM services report, weak manufacturing and employment data, combined with a lack of clear signals from the Federal Reserve about emergency rate cuts, have kept market sentiment tentative. DoJ Investigation Into Nvidia A recent antitrust investigation by the Department of Justice (DoJ) into Nvidia, a key driver of market gains earlier this year, has added another layer of uncertainty. In September, Nvidia experienced a massive $279 billion decline in market capitalization, one of the largest single-day drops in history. The DoJ's probe focuses on potential anti-competitive practices, including exclusive chip usage penalties and restrictions on supplier switching. While Nvidia has defended its business practices, emphasizing its long history of lawful innovation and accessibility, investor confidence seems to have been shaken. Concerns about slowing growth rates, coupled with seasonal vulnerabilities in September – a month historically challenging for stocks – have exacerbated these fears. As a result, a market heavily skewed toward tech investments has become increasingly vulnerable to negative news, prompting a reassessment of investment strategies among many market participants. Warren Buffett’s Shift To Cash Against this backdrop of rising volatility and heightened scrutiny of markets, Warren Buffett’s decision to reduce his stake in Apple and increase Berkshire Hathaway’s (NYSE: BRK.B) cash position further underscores the validity behind investor caution. Between December 2023 and June 2024, Berkshire Hathaway cut its Apple holdings by 55%, a move that surprised many, given Apple's strong revenue performance. This decision appears to reflect concerns about Apple's valuation and the potential challenges it faces in the Chinese market. Buffett’s shift to cash, a rare move for the Oracle of Omaha, signals a strategic recalibration in response to current market conditions. Despite his reduction in Apple shares, Buffett remains bullish on Berkshire Hathaway, having repurchased $5 billion of its shares recently. This suggests that, while Buffett sees value in his company’s diversified business model, he is wary of broader market risks and is positioning his portfolio defensively in anticipation of potential downturns. Is It Time To Consider Gold? Given these developments, investors may want to consider gold as a store of value in uncertain times. Gold has continued to make gains in 2024, marking the latest in a string of all-time highs in August – proving its resilience throughout heightened market drawdowns. As concerns over market volatility, regulatory scrutiny and a potential recession grow, gold’s historical role as a hedge against economic uncertainty has proven increasingly attractive amid a turbulent geopolitical landscape. For those looking to diversify their portfolios with gold, Preserve Gold offers a range of services to facilitate gold investments. The company provides transparent, client-focused service, including secure shipping, hassle-free buyback options, free, insured shipping and price matching to ensure competitive value. Preserve Gold is dedicated to continuous customer education, with a team of Precious Metals Specialists dedicated to assisting clients. With a focus on transparency and a reputation for reliability, Preserve Gold could be an ideal partner for those looking to add gold to their investment strategy and protect their portfolio. Get your hands on gold with an IRA or delivered to your door with Preserve Gold! Featured photo by Zlaťáky.cz on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 20, 2024 08:50 AM Eastern Daylight Time

Image

Guarding Against Uncertainty: How Cboe's Buffer Protection Indices Mitigate Investment Drawdowns

Benzinga

By Kyle Anthony, Benzinga Maximizing returns is usually the primary objective in investing. However, mitigating losses can be of equal, if not greater, importance, as investors find losses much more distressing than missing out on potential gains. Loss aversion, the powerful behavioral phenomenon that explains why, for some investors, the pain of losing is psychologically twice as powerful as the pleasure of gaining, has also been a source of innovation and the basis for the creation of risk management investment strategies, such as Cboe’s Buffer Protection Indices. Cboe Buffer Protection Indices Explained Cboe Global Markets, Inc. (Cboe: CBOE) offers the Cboe Buffer Protect Indices, which are part of a family of Target Outcome Indices that provide a range of potential investment outcomes. Historically, these outcomes were available only through structured notes and certain insurance products. Cboe’s Buffer Protection Indices are most effective in a bear, range-bound or modest bull market environment. They seek to provide a buffer of protection against downside losses over a set period while still providing the opportunity for growth to a maximum predetermined level. These strategies seek to provide returns similar to those of the S&P 500 Index, with lower volatility and downside risks, in most market environments except when the stock market is rallying rapidly. Efficacy Of Cboe’s Buffer Protection Indices Earlier this year, Cboe commissioned a white paper looking at the performance of three Cboe Buffer Protection Indices relative to the S&P 500 Index and Russell 2000 Index over a 17-year time period. From the analysis conducted, it was found that the Cboe Buffer Protect Indices demonstrated superior risk management characteristics compared to their underlying stock market counterparts. These indices exhibited lower volatility, reduced market beta, decreased Value-at-Risk and less severe maximum drawdowns. This enhanced downside protection did not come at the expense of risk-adjusted returns, as the Cboe Buffer Protect Indices maintained similar or slightly higher Sharpe ratios relative to the stock indices. According to the whitepaper, the risk mitigation benefits of these indices were particularly evident during periods of significant market stress. For instance, in the elevated market volatility years of 2008 and 2022, the Cboe Indices significantly outperformed the stock indices, incurring substantially lower losses. These findings suggest that the Cboe Buffer Protect Indices may offer investors an effective means of participating in market upside while providing a cushion against downside risk. Accessing Cboe’s Buffer Protection Indices In 2023, the financial landscape witnessed a significant surge of options-based ETF solutions, a trend driven mainly by the substantial market volatility experienced in 2022. This development directly responded to the considerable drawdowns observed in equity and fixed-income markets during the previous year. These new ETF offerings addressed two primary investor concerns: minimizing portfolio volatility and generating income. Over 40 new buffer ETFs were launched throughout 2023 for managing portfolio volatility. This proliferation of buffer ETFs indicates the growing investor appetite for risk-mitigation tools in an increasingly uncertain economic environment. As a leading derivatives-based index provider, Cboe’s Buffer Protect Indexes have helped make buffer-protect strategies more transparent and widely available, as various ETF manufacturers have leveraged the firm’s expertise in designing and bringing to market their own buffer ETF solutions. Utilizing Cboe’s Buffer Protection Indices Cboe’s Buffer Protection Indices demonstrate the powerful and versatile nature of options and how investors can utilize them to enhance their portfolios. Cboe has the capabilities necessary to realize complex index concepts backed by a large pool of derivatives data and supplemented with proprietary pricing algorithms. The Cboe Buffer Protect Indices exemplify Cboe’s continued efforts to innovate by enhancing return consistency and mitigating downside risk associated with long exposure to equity market indices like the S&P 500 Index. This approach can address the fact that losses can disproportionately affect investments, as the remaining capital must generate significantly higher returns to recover from a decline. As losses increase, the required return to reach the break-even point grows much faster. The Cboe Buffer Protect Indices help investors engage with the market while providing a buffer against potential losses, safeguarding downside performance. Learn more about how to manage volatile markets with Cboe on Thursday, Sept 26 at 11 am EST. Featured photo by Anne Nygård on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 20, 2024 08:35 AM Eastern Daylight Time

Image

Siyata Mobile Inks New Deal For Its Push-to-Talk Devices As It Goes After Private Security Market

Siyata Mobile Inc.

By Meg Flippin, Benzinga Communication is key among security professionals. Whether they’re protecting a building or critical infrastructure, being able to convey messages in real-time all the time is paramount. Two-way Land Mobile Radio (LMR) has been the main way of doing it. However, that hasn’t proven to be that reliable. A better alternative according to its manufacturers, one that’s gaining traction in the market, is Push-to-Talk over Cellular (PoC). It is clearer and more reliable, say manufacturers. It's also the sweet spot of Siyata Mobile (NASDAQ: SYTA), which recently announced a deal in partnership with Apex Wireless that underscores its commitment to expanding its customer base and providing high-quality solutions for security professionals. The Vancouver, British Columbia, global vendor of Push-to-Talk over Cellular devices and cellular signal booster systems seems to be making a splash in the private security industry with its SD7 handsets and VK7 vehicle kits. SD7 is a rugged handset that enables Push-to-Talk (PTT) conversations with co-workers over public cellular networks. SD7 operates with a SIM card on public cellular networks, giving users nationwide coverage. Siyata Mobile says its handsets deliver crystal-clear audio quality. The SD7 is rugged and water resistant, making it ready for any environment. Then there’s Siyata’s VK7 all-in-one vehicle kit. The connect-and-go in-vehicle solution pairs with the SD7, turning the vehicle into a mobile hub. Making A Splash Siyata seems to be winning customers and expanding its sales. Its most recently announced deal in September was with Trans-West Security Systems, a physical private security company based in Bakersfield, CA, that has been providing security services for over 50 years. Siyata reports that Trans-West needed to replace its outdated LMR radios, as well as renew all licensing agreements, and that this was proving to be a very costly exercise. Trans-West also experienced communication blackouts with their field employees, says Siyata, due to LMR repeaters not being available in certain areas of operation. Enter Siyata’s PTT solutions. Following a demo period, Trans-West is deploying hundreds of Siyata’s devices in an initiative to replace its aging two-way radios more cost-effectively. “Businesses and communities have a growing need for comprehensive security solutions that may include increasing private security as crime rates rise and criminal activities become more diversified and complex,” said Marc Seelenfreund, CEO of Siyata, in a press release announcing the deal. “Our ruggedized devices operating over a highly reliable cellular network equip private security personnel with clear communication channels to help them perform their job duties to keep people and other assets safe.” Apex Wireless, based in Austin, TX, is acting as the reseller in the transaction. Protection In Demand The private security industry represents a big opportunity for Siyata. The market is projected to reach $385.32 billion by 2032, growing at a CAGR of 5.7% between now and then. Driving the need for more security professionals and better communications are fluctuating crime rates and trends in the types of crimes being committed. Some cities and municipalities are dealing with tight budgets and local police forces that may not be fully equipped to handle an unexpected influx of crime. Many businesses are turning to private security companies to pick up the slack, driving demand and, thus, sales. That’s certainly been the case for Siyata which expects to have a strong second half of 2024 with more than $7 million in confirmed orders slated to be filled. “We expect the third quarter will be a break-out quarter with high double-digit year-over-year growth as the delivery of orders accelerates,” Seelenfreund said in a press release reporting second-quarter results in August. “We have achieved 'stocked' status for our SD7 handsets with four of the largest North American cellular carriers and continue to tap into new vertical markets reinforcing a growth trajectory that extends into 2025 and beyond." Siyata Is Everywhere Beyond the private security market, Siyata’s handsets and accessories are being used in mines, on beaches and oceanfronts and in cities around the U.S. The company is also doing brisk business as a partner to U.S. wireless carriers. As of July, Siyata had new orders for its SD7 handsets and accessories valued at more than $4.5 million in aggregate from U.S. wireless carriers. With that kind of validation, things could be looking up for Siyata. “The U.S. wireless carrier channel is proving to be a powerful point of distribution,” said Seelenfreund. “Our SD7 handset is experiencing even wider adoption as a result of our relationships with the leading U.S. carriers and their distributors, and these orders demonstrate that." Featured photo by Ryan McGuire from Pixabay. Siyata Mobile Inc. is a B2B global vendor of next-generation Push-To-Talk over Cellular devices, cellular booster systems, and video monitoring solutions. Its portfolio of in-vehicle and rugged devices enables first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives.Its portfolio of enterprise-grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signals in remote areas, inside structural buildings where signals are weak, and within vehicles for the maximum cellular signal strength possible.For its video monitoring system, Siyata integrates software that we license with off-the-shelf hardware providing our customers with an integrated advanced camera system for management and visual monitoring of their fleet vehicles. This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata's current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Siyata's filings with the Securities and Exchange Commission ("SEC") and in subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Brett Maas SYTA@haydenir.com

September 20, 2024 08:30 AM Eastern Daylight Time

Image

SBC Medical Group Holdings (Nasdaq: SBC) Claims First-Mover Advantage In Medical Services Franchise Model, Debuts On Nasdaq

Benzinga

By Gerelyn Terzo, Benzinga While it’s hard to put a price tag on time, it’s one of those commodities that healthcare professionals value highly. And yet, many physicians, including surgeons, are mired in administrative work, costing them valuable time that they could otherwise be spending on patient care. Fortunately, the medical field continues to see new innovations such as AI-powered diagnostics, surgery robots, wearables — and the rise of service organizations that shoulder the weight of otherwise mundane administrative tasks. As a result, healthcare professionals across medical segments have more options than ever to keep their operations running smoothly while optimizing performance. One company in the vanguard of this trend is SBC Medical Group Holdings (NASDAQ: SBC), a Tokyo-based medical services healthcare company with a history in the aesthetics space that specializes in solving the problems of medical care providers. SBC has its roots in providing management services to cosmetic treatment centers in Japan, an industry where demand is on the rise, fueled by procedures such as dermal fillers, botulinum toxin (botox) and eyelid surgery and more. Bringing A New Business Model To The Aesthetic Medical Industry SBC Medical’s business model brings the franchisee-franchisor model to a new industry. This model is one that is appreciated by many investors for its proven success in sectors like restaurants and now in healthcare, including medical clinics. SBC believes that as the pioneer of the franchise model in the global aesthetics medical industry, it enjoys a first-mover advantage. The company boasts a No. 1 leading position in Japan’s growing aesthetics medical industry, reporting that it generates stable and high-profit margins owing to the collection of ongoing franchise fees. This model involves franchisor-franchisee contracts or agreements between any of SBC ’s Japanese subsidiaries and medical corporations serving as the umbrella for a total of 218 clinic treatment centers in Japan, with 2 additional clinics located outside of the country. These beauty clinics, which operate under the Shonan Beauty Clinic brand, specialize in services ranging from breast augmentation and laser hair removal to cosmetic dental procedures and beyond. The administrative tasks associated with providing these kinds of medical services can be burdensome without proper support. Supporting Healthcare Professionals Through Management Services The comprehensive management services that SBC provides to franchise clinics run the gamut. Depending on the practice’s needs, SBC might handle its IT requirements, advertising and marketing needs (such as operating social media channels), hiring, payroll, reservations, staff housing and other such requirements. Additionally, SBC supports franchisee clinics in other ways, extending to the construction and design of clinics, procurement and resale of medical equipment and consumables, the provision of cosmetic products to patients, licensure/IP, customer loyalty programs and more. A common thread across these services is that they represent time-consuming activities that can take a toll on practice owners, interfering with their ability to give 100% of their attention to providing high-quality care to their patients. While the services may vary, the end goal is the same - to create greater efficiencies for the medical practice while saving healthcare professionals valuable time and streamlining their operations. As a result, the doctors can focus on what they do best - caring for patients. Importantly, SBC is not limited to any single medical specialization or jurisdiction. Since its inception, the company has expanded its footprint to provide high-quality services to medical corporations overseas, including its first clinic in Vietnam and the United States, respectively. SBC has just made its debut as a publicly traded company on the Nasdaq, giving investors an opportunity to participate in its growing total addressable market. Company And Market Dynamics SBC specializes in providing comprehensive management services to franchisee healthcare clinics. Incorporated in 2023, SBC believes it is well-respected in the industry, owing to the SBC management team’s two decades-plus of industry experience. For more than two decades, SBC CEO and Chairman Dr. Yoshiyuki Aikawa has been at the helm of Aikawa Medical Group, now known as SBC. He also served as president and director of the Japanese Society of Aesthetic Plastic Surgery, Harvard Medical School, PGA. SBC Chief Operating Officer Yuya Yoshida is a seasoned capital markets executive, with former stints at Rakuten Group Co, where he specialized in M&A at Mitsubishi UFJ Financial Group. With a combined 166 franchise clinics, SBC has already claimed the title of Japan’s biggest aesthetic medical group. While the company is in the midst of an expansion push, Japan is its maiden market, where it reports it has a demonstrated track record of success. It plans to continue to grow in Japan while pursuing new growth opportunities in the U.S. and Southeast Asia. Japan’s cosmetic surgery market has experienced steady growth. It is predicted to expand at a compound annual growth rate (CAGR) of 8.1% in the decade leading up to 2033 for a value of $41.6 billion, up from $19 billion in 2023. Meanwhile, the country’s medical aesthetics market was worth $2.6 billion as of last year and is growing at a CAGR of 13% in the current decade for a value of $9 billion by 2033. SBC’s Balance Sheet Investors who are interested in participating in the company’s growth story may find SBC ’s fundamentals interesting. For the fiscal year ended December 31, 2023, SBC’s revenues increased 11% to $193 million with EBITDA of $82 million and net income of $39 million. Revenues increased 27.72% to approximately $54.8 million with a net income of approximately $18.7 million for the three months ended March 31, 2024. The company has a balance sheet to help support its growth, with approximately $96 million in cash and cash equivalents as of March 31, 2024. SBC is not only providing quality comprehensive management services to medical corporations and expanding its Shonan Beauty Clinic brand but doing so profitably. SBC Medical Group Holdings began trading on the Nasdaq under the ticker symbol SBC on September 18 following a business combination with Pono Capital Two (Nasdaq: PTWO), a special purpose acquisition company (SPAC). Investors who would like to participate in SBC’s growth story now have the unique opportunity to do so in the stock’s early days of trading on the Nasdaq market. Featured photo by Bru-nO on Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 20, 2024 08:25 AM Eastern Daylight Time

Image

UCFX Markets Introduces AI-Powered Stock Indicator for Australian Investors

Rev Up Marketers

UCFX Markets, an advanced AI-powered indicator application, has been launched by 4T MARKETS LIMITED. Headquartered at Clement’s Lane, London, England, EC4N 7AE, the platform is designed to provide real-time market insights and data specifically for stock investments. This cutting-edge tool is set to revolutionize how Australian investors approach stock market opportunities, empowering them with data-driven decision-making. As financial markets evolve, Australian investors increasingly seek tools that offer both speed and accuracy. The UCFX Markets indicator app leverages artificial intelligence to analyze market data instantaneously, providing users with actionable stock indicators that enable them to seize market opportunities with efficiency. AI-Powered Indicators: Transforming Stock Market Analysis The UCFX Markets app is powered by sophisticated AI that processes massive volumes of market data in real time. While traditional stock analysis often requires manual effort and time, the UCFX Markets app delivers actionable insights directly to users' devices, facilitating fast, well-informed decision-making. “Our goal with this app is to equip Australian investors with the tools they need to stay ahead of market trends,” said John Andrews, CEO of UCFX Markets. “In today’s fast-paced financial world, access to timely, real-time insights is crucial for making sound investment decisions.” Key Benefits for Australian Investors One of the standout features of the UCFX Markets app is its ability to deliver stock indicators without the need for constant market monitoring. Investors receive real-time notifications whenever opportunities arise, enabling them to act quickly on AI-generated insights. This ensures that Australian investors remain informed about the latest market movements, enhancing their overall investment strategies. Tailored Stock Indicators for Personalized Strategies The UCFX Markets app also offers personalized stock indicators, customized to match individual investor preferences, such as risk tolerance, investment goals, and specific stock interests. This level of customization allows investors to focus on opportunities that align with their strategies, making their trading efforts more targeted and effective. The Future of Investing with AI As artificial intelligence continues to shape the future of finance, tools like the UCFX Markets indicator app are becoming indispensable for investors looking to maintain a competitive edge. By delivering precise, real-time insights, UCFX Markets enables users to make smarter, data-driven decisions based on the latest market trends. “Our AI-driven app is designed to give Australian investors a competitive advantage in stock investing,” said John Andrews. “The positive response has been overwhelming, and we’re excited to continue helping investors reach their financial goals.” About UCFX Markets by 4T MARKETS LIMITED UCFX Markets, developed by 4T MARKETS LIMITED, is committed to making stock market insights accessible to all investors. Our free, user-friendly indicator app is designed to help users gain a competitive edge in their trading decisions. The platform provides real-time market indicators that empower both novice and experienced traders to make informed, data-backed decisions. At UCFX Markets, we believe in fostering a community where traders can learn, grow, and succeed together. Through shared knowledge, experiences, and a deeper understanding of market trends, we aim to cultivate a culture of continuous improvement and collective success. For more information, visit UCFX Markets. Disclaimer: The information provided by the UCFX Markets indicator is for educational and informational purposes only and should not be interpreted as financial advice. Investing in stocks and other financial instruments carries inherent risk, and individuals should conduct their own research or consult a financial advisor before making investment decisions. Contact Details 4T MARKETS LIMITED Lars Andersen lars@blmarkets.com Company Website https://blmarkets.com

September 20, 2024 06:30 AM Eastern Daylight Time

Image

All Industries

Reform of Africa’s Criminal Justice Systems

Lado Okhotnikov’s Meta Force has attracted two million users in the past two years

Haiti's Last Stand: International Cooperation to Reclaim a Nation

How NurseMagic Helps Patients Recieve The Care They Deserve

Buffet Shifts To Cash, DoJ Launches Nvidia Investigation – Is It Time To Invest In Gold And Other Stores Of Value?

Guarding Against Uncertainty: How Cboe's Buffer Protection Indices Mitigate Investment Drawdowns

Siyata Mobile Inks New Deal For Its Push-to-Talk Devices As It Goes After Private Security Market

SBC Medical Group Holdings (Nasdaq: SBC) Claims First-Mover Advantage In Medical Services Franchise Model, Debuts On Nasdaq

UCFX Markets Introduces AI-Powered Stock Indicator for Australian Investors