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Meet the wealth firm that proudly hires brokers with checkered pasts — from hot-dog thieves to serial email-deleters - Dotemirates

Meet the wealth firm that proudly hires brokers with checkered pasts — from hot-dog thieves to serial email-deleters

Ed Cofrancesco, the president of International Assets Advisory. IAA A Florida wealth-management firm that oversees $500 million hires brokers who've had run-ins with the law or regulators. Some of the brokers reported minor infractions, such as shoplifting as a teenager, while others faced enforcement actions from groups like the Financial Industry Regulatory Authority. The midsize firm's strategy — which industry headhunters say is unique — helps it broaden the talent pool, according to its founder. One would-be broker stole two hot dogs while drunk in college. Another was fined and fired when his firm created and forced him to sell...


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Business News

14/06/2019

Male chicks can be killed after they hatch, German court rules

A German federal court has ruled hen breeders can continue to kill male chicks after they hatch, a practice that results in the death of some 45 million birds per year in the country.After their sex is determined, billions of male baby birds worldwide are killed shortly after birth — usually by grinding or gassing, the BBC reported.The ruling allows male birds to be culled en masse until new procedures to avoid doing so —by identifying the birds' sex inside the egg — are in place.The Federal Administrative Court ruled in a case involving a hatchery specialised in egg-laying hens...
13/06/2019

'Harmful' gender stereotypes in adverts banned

A ban on adverts featuring "harmful gender stereotypes" or those which are likely to cause "serious or widespread offence" has come into force.The ban covers scenarios such as a man with his feet up while a woman cleans, or a woman failing to park a car.The UK's advertising watchdog introduced the ban because it found some portrayals could play a part in "limiting people's potential".It said it was pleased with how advertisers had responded.The new rule follows a review of gender stereotyping in adverts by the Advertising Standards Authority (ASA) - the organisation that administers the UK Advertising Codes, which...
13/06/2019

UAE expats say Pakistan budget is balanced but unexciting

Pakistani expatriates in the UAE feel that overseas community has been left out of the Imran Khan-led government's first budget as no incentives or tax rebates were offered. But the business community termed it a balanced budget with focus on fixing gaps and austerity measures. Residents and business community members said that akin to the previous government, the current PTI government failed to offer any incentives to overseas Pakistanis. Iqbal Dawood, president of the Pakistan Business Council, Dubai, said there is no particular incentives for overseas Pakistanis, however, there were some measures taken for the benefit of industries. "Taxes are...

13/06/2019

China to unveil steps to boost economy

Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, Vice-Premier Liu He said on Thursday, suggesting Beijing would soon unveil more policies to bolster growth amid rising US trade pressure. Beijing has plenty of policy tools and is capable of dealing with various challenges, Liu said at a financial forum in Shanghai. Despite a slew of support measures and policy easing since last year, China's cooling economy is still struggling to get back on firm footing, and last month's sudden escalation in US-Sino tensions has raised fears of a full-blown trade war...
13/06/2019

BMW, Jaguar Land Rover tie up for electric cars

BMW Group and Jaguar Land Rover announced that they are joining forces to develop next generation electric drive units, a move that supports the advancement of electrification technologies necessary to transition to an autonomous driving, connectivity, electrification and services future. The companies share the same strategic vision of environmentally-friendly and future-oriented electric drive technologies. BMW Group brings its long experience of developing and producing several generations of electric drive units in-house since it launched the pioneering BMW i3 in 2013. Jaguar Land Rover has demonstrated its capability with this technology through the launch of the Jaguar I-Pace and its plug-in...
13/06/2019

Two tanker owners suspend Gulf bookings as tension now ‘as high as it gets’

LONDON: At least two oil-tanker owners have suspended bookings to the Gulf following Thursday’s attacks in regional waterways, with one shipping analyst saying tension in the area “is now as high as it gets” short of an outright war.Within hours of the attacks on two oil tankers in the Gulf of Oman, tanker firms DHT Holdings and Heidmar said they had suspended new bookings to the Gulf, Reuters reported.Neither company responded to a request to comment but the news was confirmed to the agency by three ship brokers.Shipping association BIMCO, which represents some 60 percent of the world’s merchant fleet,...