discovered those maximum ASC-090 Questions in real take a look at that I handed.
If you want high quality ASC-090 dumps, then killexams.com is the ultimate choice and your only solution. it provides amazing and excellent test dumps which I am saying with full confidence. I always thought that ASC-090 dumps are of no uses but killexams.com proved me wrong as the dumps provided by them were of great use and helped me score high. If you are worrying for ASC-090 dumps as well, then you need not to worry and join killexams.
Take a smart move to pass ASC-090
I actually have recommended approximately your gadgets to various companions and partners, and theyre all extremely fulfilled. Much obliged killexams.com Questions & Answers for enhancing up my profession and assisting me plan nicely for my severe checks. Much liked another time. I ought to say that I am your greatest fan! I want you to recognize that I cleared my ASC-090 exam these days, contemplating the ASC-090 direction notes I purchased from you. I solved 86/95 questions in the exam. You are the best training issuer.
actual test ASC-090 questions.
I didnt plan to use any brain dumps for my IT certification checks, however being below pressure of the issue of ASC-090 exam, I ordered this package deal. i was inspired by the pleasant of these material, theyre genuinely worth the money, and that i believe that they might value more, that is how great they may be! I didnt have any hassle while taking my exam thanks to Killexams. I definitely knew all questions and solutions! I got 97% with only a few days exam education, except having a few work revel in, which turned into actually useful, too. So sure, killexams.com is clearly top and distinctly endorsed.
labored difficult on ASC-090 books, however the entirety become in the Q&A.
I have renewed my membership this time for ASC-090 exam. I accept my involvement with killexams.com is so important it is not possible surrender by not having a membership. I can just trust killexams.com exams for my exam. Just this site can help me attain my ASC-090 accredition and help me in getting above 95% marks in the exam. You all are truly making an incredible showing. Keep it up!
Where will I find prep material for ASC-090 exam?
After trying several books, I become pretty dissatisfied no longer getting the right material. I became searching out a guideline for exam ASC-090 with easy language and nicely-prepared content. killexams.com Q&A fulfilled my want, as it explained the complex subjects within the only manner. In the real exam I were given 89%, which was past my expectation. Thank you killexams.com, for your top class guide-line!
in which can i am getting assist to bypass ASC-090 examination?
It is my pleasure to thank you very much for being here for me. I passed my ASC-090 certification with flying colors. Now I am ASC-090 certified.
simply use those real query bank and success is yours.
I dont experience by myself a mid tests any longer in light of the fact that i have a beautiful examine partner as this killexams.com dumps. I am quite appreciative to the educators right right here for being so extraordinary and rightly disposed and assisting me in clearing my distinctly exam ASC-090. I solved all questions in exam. This equal course turned into given to me amid my exams and it didnt make a difference whether or not or no longer it have become day or night, all my questions have been spoke back.
I feel very confident with ASC-090 question bank.
killexams.com questions and answers helped me to recognise what precisely is predicted in the exam ASC-090. I prepared rightly within 10 days of preparation and completed all the questions of exam in 80 minutes. It comprise the topics just like exam factor of view and makes you memorize all the subjects effortlessly and correctly. It also helped me to understand a way to control the time to finish the exam before time. it is fine technique.
Weekend Study is enough to pass ASC-090 exam with these questions.
The nice guidance i have ever skilled. I took many ASC-090 certification tests, but ASC-090 became out to be the easiest one thanks to killexams.com. i have recently found this internet site and wish I knew approximately it a few years in the past. might have stored me a number of sleepless nights and gray hair! The ASC-090 exam isnt an smooth one, specificallyits cutting-edge version. but the ASC-090 Q and A includes the trendy questions, daily updates, and those are without a doubtright and legitimate questions. I am satisfied this is authentic motive I got maximum of them all through my exam. I were given an extremely good marks and thank killexams.com to making ASC-090 exam pressure-loose.
it's far unbelieveable, however ASC-090 real take a look at questions are availabe here.
First of all I want to say Thanks to you people. I have cleared ASC-090 Exam by subscribing to your study materials. So I wanted to share my success on your website. Thank you once again. Thank you very much for your great support. I have cleared my ASC-090 with 90%.
Symantec corporation SYMC mentioned first-quarter fiscal 2019 non-GAAP revenue of 34 cents per share that beat the Zacks Consensus Estimate of 33 cents. earnings per share were 33 cents, below ASC 605, during this quarter, flat yr over year.
On a non-GAAP groundwork, Symantec generated revenues of $1.a hundred sixty five billion, which beat the Zacks Consensus Estimate of $1.149 billion. beneath ASC 605, the figure turned into $1.a hundred seventy five billion, down 5.5% from the 12 months-ago quarter.
starting this quarter, Symantec adopted the new earnings focus accounting common, ASC 606. The comparisons with the year-ago quarter are in compliance with ASC 505.
The company benefited from strong increase in client Digital security phase. youngsters, lower-than-anticipated commercial enterprise safety implied billings have been a dampener.
additionally, given this, the company diminished its outlook for fiscal 2019, which raises issues involving its close-time period possibilities.
Symantec company fee, Consensus and EPS shock
Symantec business enterprise price, Consensus and EPS shock | Symantec enterprise Quote
Let’s discuss quarterly effects in details.
Quarter in detail client safety revenues in the quarter have been $600 million, reflecting organic increase of 6% from the yr-ago quarter in steady forex. however, commercial enterprise safety revenues of $565 million declined 14% from the 12 months-in the past length. enterprise protection implied billings of $453 declined 20% yr over 12 months, adjusted for acquisitions and divestitures.
even so, the enterprise is making the most of built-in Cyber protection Platform, which drives huge cross-sell and up-promote alternatives. in addition, key consumer wins for Cloud Proxy, Cloud access protection broking service, and cloud email offerings have been a favorable.
The business shifted its enterprise mannequin to a greater ratable one. within the first quarter, the company cited that eighty two% of business safety section revenues were ratable.
however, contract size declined to 16.5 months during the quarter from 18.5 months within the preceding quarter.
Symantec reported non-GAAP operating salary of $327 million. under ASC 605, the figure was $313 million, which declined 17% from the 12 months-in the past quarter.
Non-GAAP working margin (beneath ASC 605) reduced in size 370 bps to 27%. The decline became because of the divestiture of web site protection and related PKI products in business protection. in addition, margins for client Digital safety have been hurt with the aid of accelerated product building charges and allotted company costs.
below ASC 606, the quarterly determine turned into 28.1%, reflecting $5 million boost in revenues and a $9 million decrease in commission cost because of the new accounting typical.
stability Sheet & money move Symantec exited the fiscal first quarter with money, cash equivalents and short-time period investments of $2.324 billion compared with $2.162 billion within the prior quarter. The company ended the quarter with lengthy-term debt of $5.032 billion.
throughout the quarter, Symantec generated working cash flow of $334 million.
administration notes that earnings increase in both business security and buyer Digital protection segments coupled with cost discount initiatives undertaken right through the remainder of fiscal yr 2019 can have a good have an effect on on operating margin in fiscal 2020.
in particular, the company expects $50 million of restructuring expenses in reference to its plan to reduce global head count number by means of almost 8%.
although, the company anticipates continuation of longer income cycle to negatively influence business protection revenues. moreover, overseas exchange headwinds have also been factored into the earnings tips. The cost initiatives can have partial have an effect on on operating margins this fiscal.
on the other hand, the business remains confident about its complete cloud protection stack, which comprises Cloud Proxy, CASB, and statistics insurance plan, in addition to multi-factor authentication, expected to benefit from the ease of cloud adoption.
For fiscal 2019, Symantec has decreased its assistance. The business now expects non-GAAP revenues within the latitude of $four.670-$four.790 billion in comparison with past guided range of $four.760-$4.900 billion.
Non-GAAP operating margin is projected to be 30% in comparison with the past projection of 30-32%.
Non-GAAP earnings per share are expected to be in the latitude of $1.47 to $1.forty seven compared with $1.50-$1.sixty five projected past.
For the 2nd quarter of fiscal 2019, Symantec anticipates non-GAAP revenues in the latitude of $1.one hundred thirty-$1.one hundred sixty billion.
Non-GAAP working margin is projected within the latitude of 30%. extra, management estimates salary between 31 cents and 35 cents on a non-GAAP basis.
Zacks Rank & Key Picks
Symantec at the moment has a Zacks Rank #three (dangle).
a few more advantageous-ranked shares in the broader expertise sector are YY Inc. YY, Science purposes SAIC and Verint programs VRNT, all wearing a Zacks Rank #1 (strong buy). you can see the complete checklist of today’s Zacks #1 Rank stocks here.
lengthy-term revenue increase for YY, Science purposes and Verint is projected to be 26.four%, 5% and 10%, respectively.
Will you're making a Fortune on the Shift to electric vehicles?
here's another inventory thought to trust. a great deal like petroleum a hundred and fifty years in the past, lithium vigour may additionally soon shake the realm, creating millionaires and reshaping geo-politics. quickly electric powered cars (EVs) can be more affordable than gas guzzlers. Some are already accomplishing 265 miles on a single cost.
With battery fees plummeting and charging stations set to multiply, one company stands out because the #1 inventory to buy according to Zacks analysis.
or not it's now not the one you think.
See This Ticker Free >>
As facts breaches proceed to rise, U.S.-based mostly corporations are increasingly adopting encryption to cozy their IT infrastructures, and their leading reason is to conform to privacy and statistics protection regulations, a brand new study has discovered.
during the past, protecting data and mitigating information breaches drove encryption adoption. This yr, for the primary time, regulatory compliance became the true explanation for imposing encryption technologies, according to the Ponemon Institute’s annual “U.S. commercial enterprise Encryption developments file,” which is in its fifth year.
In 2010, 69 percent of the 964 IT and enterprise leaders surveyed observed compliance is their primary driver for encryption, an increase of 5 percent points from the previous year. Mitigating information breaches fell to 2d location, with 63 percent asserting it became a exact driver for encryption adoption: a drop of 4 elements from 2009 and eight features from 2008.
The consequences exhibit the growing to be consciousness that compliance is critical as agencies are attempting to steer clear of post-breach prison noncompliance penalties, in line with the look at, which become produced at the side of Symantec.
“Compliance is essentially the most crucial cause of doing encryption, and the PCI [Payment Card Industry] security standard and the a considerable number of state privateness legal guidelines have an awful lot to do with it,” says Larry Ponemon, chair and founding father of the Ponemon Institute, a research enterprise in Traverse metropolis, Mich.
The PCI usual, which requires bank card transaction protection, is the quickest-starting to be reason for IT organizations to make use of encryption. The variety of these surveyed who talked about PCI necessities constituted probably the most influential explanation for using encryption has grown greater than fourfold in the past four years, from 15 % in 2007 to 64 percent in 2010. That’s as a result of failure to comply will stay away from organizations from doing on-line credit card transactions, the analyze says.
The fitness suggestions Portability and Accountability Act (HIPAA), continues to be a key driver of encryption. despite the fact, other traditional drivers—the Sarbanes-Oxley and Graham-Leach-Bliley acts—have lowered in significance because agencies have built-in compliance for these regulations into their general operations, the examine says.
statistics Breaches on the upward push
normal, the variety of information breaches is expanding, and they're more severe. In 2010, 88 percent of respondents stated they had at the least one breach throughout that 12 months, a 3-point enhance from the previous year.
more notably, 25 % of organizations suggested that that they had experienced five or more data breaches—a three-point boost from 2009. Forty percent of companies surveyed had suffered two to 5 breaches, while 23 p.c had just one breach. The results show that cyber-attackers continue to target unprotected facts and cell contraptions, the analyze says.
In other key findings, ninety five % of respondents stated they have been seemingly or very prone to adventure the loss of sensitive or exclusive counsel in the next 12 to 24 months. Of these surveyed, ninety three percent trust records coverage a vital or very important part of their standard risk management efforts, a 13-element boost from 2009.
due to this fact, greater IT agencies are implementing statistics encryption expertise. In complete, eighty four p.c of respondents have both completely achieved or are in the process of imposing encryption. That’s a two-aspect raise from 2009 and a 5-element boost from 2008.
Ponemon says he expects that encryption adoption will proceed to raise in the coming years as a result of extra americans are working remotely—both from home or on the road—and that they entry information on workstation computer systems and smartphones that might potentially residence delicate or confidential suggestions.
Brian Tokuyoshi, a Symantec advertising supervisor who assisted with the examine, agrees. “They’re dealing with tips about personnel, and they can be carrying that advice on a computing device,” he aspects out. “You lose the laptop and it’s a knowledge breach.”
Spending extra on Encryption
because conserving facts is an ever-higher priority, IT businesses are spending more cash on encryption technologies. Encryption is the quickest-growing earmark in IT budgets, that means that the expertise is strategic and receives dedicated annual funding. The percent of IT agencies that earmark encryption has grown from 57 p.c in 2008 to 69 % in 2010.
probably the most accepted encryption technologies in 2010 were file server encryption (sixty two percent adoption), full-disk encryption (59 p.c) and database encryption (fifty seven %). As for other areas, laptop electronic mail encryption is used by 50 percentof the respondents, while storage networking and USB flash pressure encryption are used by means of 19 percent.
Voice over IP and mainframes are the least encrypted technologies. simplest 9 percent of the respondents encrypt IP-based phone calls, and 8 p.c encrypt mainframes.Most businesses encrypt statistics at the end aspects, the place it touches users, but insurance plan for the administrative lower back conclusion is rising, the analyze’s authors wrote.
Wylie Wong is a freelance creator for Baseline journal.
Obviously it is hard assignment to pick solid certification questions/answers assets concerning review, reputation and validity since individuals get sham because of picking incorrectly benefit. Killexams.com ensure to serve its customers best to its assets concerning exam dumps update and validity. The vast majority of other's sham report objection customers come to us for the brain dumps and pass their exams cheerfully and effectively. We never trade off on our review, reputation and quality because killexams review, killexams reputation and killexams customer certainty is vital to us. Uniquely we deal with killexams.com review, killexams.com reputation, killexams.com sham report grievance, killexams.com trust, killexams.com validity, killexams.com report and killexams.com scam. In the event that you see any false report posted by our rivals with the name killexams sham report grievance web, killexams.com sham report, killexams.com scam, killexams.com dissension or something like this, simply remember there are constantly terrible individuals harming reputation of good administrations because of their advantages. There are a great many fulfilled clients that pass their exams utilizing killexams.com brain dumps, killexams PDF questions, killexams hone questions, killexams exam simulator. Visit Killexams.com, our specimen questions and test brain dumps, our exam simulator and you will realize that killexams.com is the best brain dumps site.
M2140-649 sample test | 70-630 Practice test | 1K0-002 free pdf | EX0-002 test prep | HP3-X12 brain dumps | 1Z0-330 study guide | 000-900 study guide | HP0-751 braindumps | 9A0-395 free pdf | 4H0-004 practice questions | MSC-235 cram | CSSBB VCE | 000-206 questions and answers | 190-735 dump | 000-115 brain dumps | RH033 mock exam | HP0-Y15 braindumps | 4H0-533 braindumps | C9030-634 test prep | 1Z0-478 test questions |
Take a gander at these ASC-090 real question and answers
killexams.com proud of our reputation of helping people pass the ASC-090 test in their very first attempts. Our success rates in the past two years have been absolutely impressive, thanks to our happy customers who are now able to boost their career in the fast lane. killexams.com is the number one choice among IT professionals, especially the ones who are looking to climb up the hierarchy levels faster in their respective organizations.
killexams.com have its specialists working continuously for the collection of real exam questions of ASC-090. All the pass4sure questions and answers of ASC-090 gathered by our group are looked into and updated by our ASC-090 certification group. We stay associated with the applicants showed up in the ASC-090 test to get their reviews about the ASC-090 test, we gather ASC-090 exam tips and traps, their experience about the procedures utilized as a part of the real ASC-090 exam, the errors they done in the real test and afterward enhance our material as needs be.
killexams.com Huge Discount Coupons and Promo Codes are as under;
WC2017 : 60% Discount Coupon for all exams on website
PROF17 : 10% Discount Coupon for Orders greater than $69
DEAL17 : 15% Discount Coupon for Orders greater than $99
DECSPECIAL : 10% Special Discount Coupon for All Orders
When you experience our pass4sure questions and answers, you will feel sure about every one of the themes of test and feel that your knowledge has been significantly moved forward. These pass4sure questions and answers are not simply practice questions, these are real exam questions and answers that are sufficient to pass the ASC-090 exam at first attempt.
killexams.com helps a huge range of candidates pass the tests and get their certification. We have a big wide variety of fruitful reviews. Our dumps are solid, slight, updated and of truly satisfactory Great to overcome the demanding situations of any IT certifications. killexams.com exam dumps are most recent updated in notably clobber manner on popular premise and material is discharged every now and then. Most recent killexams.com dumps are accessible in testing focuses with whom we're retaining up our relationship to get most recent material.
killexams.com Symantec Certification study guides are setup through IT specialists. Most people complaint that there are an excessive range of questions in this sort of sizable wide variety of schooling assessments and exam resource, and they may be recently wiped out to manage the cost of any extra. Seeing killexams.com experts exercise session this far accomplishing rendition at the same time as still assurance that each one the getting to know is secured after profound studies and exam. Everything is to make consolation for hopefuls on their road to affirmation.
We have Tested and Approved ASC-090 Exams. killexams.com offers the most specific and most recent IT exam materials which almost incorporate all exam topics. With the guide of our ASC-090 study materials, you dont need to squander your risk on perusing major part of reference books and honestly want to burn through 10-20 hours to ace our ASC-090 real questions and answers. Whats greater, we provide you with PDF Version and Software Version exam questions and answers. For Software Version materials, Its presented to present the candidates reenact the Symantec ASC-090 exam in a actual surroundings.
We give free updates. Inside legitimacy duration, if ASC-090 exam materials which you have received up to date, we will let you know with the aid of email to down load maximum latest variation of Q&A. On the off hazard that you dont pass your Symantec ASC IT Compliance 2010 exam, We will give you full refund. You should ship the scanned reproduction of your ASC-090 exam document card to us. Subsequent to asserting, we will unexpectedly provide you with FULL REFUND.
killexams.com Huge Discount Coupons and Promo Codes are as beneath;
WC2017 : 60% Discount Coupon for all tests on internet site
PROF17 : 10% Discount Coupon for Orders extra than $69
DEAL17 : 15% Discount Coupon for Orders greater than $ninety nine
DECSPECIAL : 10% Special Discount Coupon for All Orders
In the event which you get ready for the Symantec ASC-090 exam utilising our exam simulator engine. It is something however difficult to succeed for all certifications inside the number one undertaking. You dont want to manipulate all dumps or any loose torrent / rapidshare all stuff. We offer free demo of every IT Certification Dumps. You can observe the interface, question Great and ease of use of our schooling exams earlier than you select to buy.
Killexams 000-173 test prep | Killexams CWSP-205 free pdf | Killexams A2040-911 practice test | Killexams CUR-009 pdf download | Killexams 310-053 study guide | Killexams 000-N40 free pdf download | Killexams 000-886 braindumps | Killexams C9520-929 sample test | Killexams 312-50v9 test questions | Killexams CTFL-UK real questions | Killexams C2020-635 test prep | Killexams AVA test prep | Killexams 300-209 examcollection | Killexams SBAC study guide | Killexams 000-M228 study guide | Killexams COG-615 brain dumps | Killexams NRA-FPM brain dumps | Killexams 6210 dumps | Killexams 000-M77 braindumps | Killexams 000-M91 braindumps |
Killexams 000-170 questions and answers | Killexams 920-258 study guide | Killexams 000-879 Practice Test | Killexams 98-366 brain dumps | Killexams C2030-136 test prep | Killexams HP0-784 Practice test | Killexams 000-330 real questions | Killexams HP0-S11 test prep | Killexams C2020-612 braindumps | Killexams 1Z0-897 sample test | Killexams HP0-311 free pdf | Killexams C9010-030 test questions | Killexams 4H0-004 braindumps | Killexams 190-756 brain dumps | Killexams JK0-019 VCE | Killexams 650-179 pdf download | Killexams C8010-725 practice exam | Killexams COMLEX-USA real questions | Killexams P2065-035 dumps questions | Killexams 1Z0-982 bootcamp |
The Alberta Securities Commission (ASC) recently released its decision in the matter of Re Fauth, finding the respondent, Vernon Ray Fauth (Fauth), in breach of ss. 75(1)(a), 92(4.1) and 93(b) of Alberta's Securities Act, RSA 2000, c S-4 (the Act). The decision offers some important insight on issues regarding limitation periods, illegal dealing, misrepresentations, and fraud under the Act. The decision also discusses the use of hearsay evidence in proceedings before the Commission; specifically, the use of transcripts of witness interviews conducted by the Alberta Securities Commission Staff (Staff) in the course of their investigation.Facts
Fauth operated a financial and estate planning business through Fauth Financial Group Ltd. (Fauth Financial), a corporation licensed to sell insurance and mutual funds. Fauth was also involved in a number of other corporations and limited partnerships:
From November 2002 through November 2012, Espoir issued approximately $15 million in debentures (Debentures) to over 70 investors in Alberta, British Columbia, and Ontario. In soliciting investments, Espoir distributed one-page summaries to investors and potential investors, describing the kinds of investments that Espoir would make. Although there were minor variations in these summaries over the years, they all represented that Espoir was established to invest in a pool of interest paying investments such as money market, treasury bills, mortgages, GICs and term deposits.
Some of the Debentures were described as "unsecured" (Unsecured Debentures) while the others were described as "secured" (Secured Debentures). The certificate accompanying the latter stated on its face that it represented a "Secured Debenture". The Unsecured Debentures stated in their preambles that "[t]he Debenture is an unsecured obligation of [Espoir] and is specifically subordinated to Senior Indebtedness, as defined herein". "Senior Indebtedness" was defined to include all of Espoir's other indebtedness, apart from the Unsecured Debenture itself and any other subordinated indebtedness. Both Debentures also contained a "No Security" clause stipulating that:
The Holder [i.e., the purchaser] acknowledges that no security interest is granted to the Holder by [Espoir] hereby and the Holder covenants that he shall not seek to cause any registration of the Debenture against [Espoir] or its assets in any jurisdiction.
According to Fauth, the only real differences between Espoir's Unsecured Debentures and its secured Debentures were the interest rate and the date of issue. His evidence was that, despite their names, both had "the same" underlying security: "the assets that were in...Espoir...". The Unsecured Debentures typically offered an interest rate of 10.5% while the Secured Debentures typically offered an interest rate of 8%.
In addition to the Debentures, Espoir also issued a number of promissory notes (Espoir Notes). Each had been issued in 2012, had a two-year term and paid 8% interest per annum.
Around 2010, Espoir became unable to repay the Unsecured Debentures as they matured. In response, Fauth began asking the Unsecured Debenture holders to enter into amending agreements, the majority of which reduced the interest rate on those paying 10.5% to 8%, extended the term (usually for a further three years), and changed the timing of interest payments from semi-annually to quarterly.
By mid-2013, Espoir ceased making interest payments to Debenture holders. Espoir's financial records showed that, as of December 31, 2014, it owed its investors over $12.3 million.
A Notice of Hearing was subsequently issued on May 11, 2016 by the Staff, alleging that Fauth breached statutory prohibitions on engaging in unregistered trading contrary to s. 75(1)(a) of the Act, making a misrepresentation contrary to s. 92(4.1) of the Act and perpetrating a fraud contrary to s. 93(b) of the Act. Twelve witnesses testified at the 12 day hearing before the ASC. These included eight investors, two current members and one former member of the ASC investigative staff and one individual who used to work with Fauth. Fauth refused to testify, but instead chose to rely on the transcript of his interview conducted by the Staff during the course of their investigation. The Commission allowed Fauth to file the transcript of his investigatory interview, but took into account that Fauth had not made himself available for cross-examination at the hearing and, thus, it could not directly assess his credibility.
A recurring theme in the evidence of all eight investor witnesses was that Fauth assured them that their transactions were "secure" and represented low risk. He variously represented to the investors that their money would be used to invest in "real estate", in "[real estate developments] secured against land registered on title", "in mortgages", "in property around Alberta", and in "shopping centres and business office buildings". Fauth also represented to the various investors that their investment "was about as safe as anything [they] could do", would "be first on title if something happened", and was "a hundred percent secured...by property". Fauth expressly represented to one investor that he would not invest his money in FairWest, the investor being aware of the financial woes of FairWest at the time.
The forensic accounting evidence indicated that between January 1, 2009, and September 30, 2014, $8,453,915.49 was deposited to Espoir's bank account. Of this, $5,851,581.24 was paid in interest and principal to holders of Debentures and Espoir Notes and $2,585,414.87 was paid to non-arm's length parties (including Fauth Financial and FairWest). The forensic accountant concluded that the funds received by Espoir were generally used for three things: (i) to pay interest and principal owed to Espoir investors; (ii) to benefit the Fauths through the payment of management fees and transfers to other companies; and (iii) to benefit entities related to Fauth or over which Fauth had "significant influence". The evidence further suggested that Espoir often loaned money to non-arm's length parties without written loan agreements or any security.
In terms of the few secured investments/loans Espoir did participate in, the security provided either far-exceeded the debtor's financial assets or, in the case of loans to non-arm's length parties, the mortgages were discharged without any payment from the mortgagor. Finally, as of the end of 2007, Espoir did not hold any third-party mortgages.ASC's Analysis
Based on the evidence before it, ASC found Fauth in breach of ss. 75(1)(a), 92(4.1) and 93(b) of the Act.Preliminary Matters
As a preliminary matter, the ASC had to determine the use that could be made of transcript evidence of two witnesses who were unable to testify before the ASC. The two witnesses were Espoir investors who were interviewed by the Staff during their investigation. One of these witnesses had passed away, while the other was elderly and too ill at the time of the hearing to testify. Relying on: ss. 29(e) and 29(f) of the Act;1 the relevance of their transcript evidence; the fact that the evidence was given under oath; and the availability for cross-examination of relatives of the two unavailable witnesses,2 the ASC decided to admit the impugned transcripts. The ASC did, however, ascribe less weight to these transcripts as compared to direct evidence of available witnesses.Limitations3
From 2002 through December 16, 2014, s. 201 of the Act provided that "[n]o proceedings under this Part [i.e., Part 16 of the Act, Enforcement] shall be commenced in a court or before the [ASC] more than 6 years from the day of the occurrence of the event that gave rise to the proceedings." As of December 17, 2014, the section was modified slightly to provide that "[n]o proceedings under this Part shall be commenced in a court or before the [ASC] more than 6 years from the day of the occurrence of the last event on which the proceeding is based."
The ASC concluded, quoting Re Dennis, 2005 BCSECCOM 65 at paragraph 37, that "[w]hen a series of events or transactions in a continuing course of conduct spans a period of time, the 'date of the events', in the ordinary sense of that phrase, can only mean the date of the last event in the series that allows staff to allege a breach of the legislation...". On this basis, the ASC was satisfied that the misrepresentations and fraud alleged in Re Fauth likewise constituted an ongoing scheme and continued course of conduct.4s. 75(1)(a): Fauth Engaged in the Business of Selling Securities Without Being Registered
Section 75(1)(a) of the Act prohibits anyone from acting as a "dealer" in securities "[u]nless registered in accordance with Alberta securities laws". The ASC began its analysis by noting that in order to find Fauth in breach of s. 75(1)(a) of the Act, it must be demonstrated that: (i) there was a security as defined in the Act; (ii) there was a trade as defined in the Act in relation to that security; (iii) Fauth engaged in or held himself out as engaging in the business of trading in securities; (iv) Fauth was not registered; and (v) Fauth could not rely on an exemption from the registration requirement.
The evidence was clear in satisfying the first, the second and the fourth prong of the test. In relation to the third prong, ASC noted the non-exhaustive list of factors contained in Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) relevant to determining whether a party has engaged or held itself out as engaging "in the business" of trading in securities. These factors include:
Relying on these factors, the ASC was satisfied that Fauth engaged in and held himself out as engaging "in the business" of trading in securities.
Regarding the final branch of the test, the ASC rejected Fauth's argument that the Debentures fell under a prospectus exemption and, accordingly, he was exempt from registering with the ASC.5 The ASC was not persuaded by this reasoning, noting that Fauth had the onus to prove the availability of and compliance with all of the terms of an exemption and he had failed to do so. The ASC also was not satisfied, as Fauth had argued, that this was a mere technical breach, noting that Fauth was a past registrant with considerable experience in the capital markets and the associated regulatory environment.s. 92(4.1): Fauth Made Misrepresentations
The ASC began its analysis by noting the test under s. 92(4.1): (i) a statement was made by a respondent; (ii) the respondent knew or reasonably ought to have known that the statement was, in a material respect, untrue or omitted a fact required to be stated or necessary to make the statement not misleading; and (iii) the respondent knew or reasonably ought to have known that the statement would reasonably be expected to have a significant effect on the market price or value of a security.
Based on the evidence before it, the ASC was satisfied that Staff had proven all parts of the test under s. 92(4.1). Fauth had ensured investors that their investments were secure, low-risk, and would be invested in a certain way. Instead, he invested their money in non-arm's length entities with meager protection for the investments and in circumstances where the investments were far from secure. Further, the misrepresentations were material and had a significant effect on the value of the Debentures since an investor would have been more willing to invest in Espoir when assured that his/her investment was "secure".
s. 93(b): Fauth Committed FraudDuring the relevant time, s. 93(b) of the Act prohibited anyone from "directly or indirectly, engag[ing] or participat[ing] in any act, practice or course of conduct relating to a security...that the person or company knows or reasonably ought to know will...perpetrate a fraud on any person or company".6
The ASC confirmed that the test for fraud under the Act is the same as set out by the Supreme Court of Canada, albeit in a different context, in R v Th�roux,  2 SCR 5, and requires the Staff to prove:
In relation to the actus reus, the evidence was clear that the investors were misled, their funds were exposed to the risk of loss, and then, ultimately, they suffered actual loss. Further, investors were not informed that their funds were exposed to a risk of loss that they did not anticipate, and, ultimately, were lost.
Finally, in terms of mens rea, the ASC was satisfied that Fauth had subjective knowledge of his prohibited acts and the consequences and potential consequences of these acts.Key Takeaways
Re Fauth provides a useful summary of the test for establishing liability under each of ss. 75(1)(a), 92(4.1) and 93(b) of the Act.
Re Fauth is also a useful reminder that the rules of procedure and evidence applicable before the ASC are more relaxed than those applicable in a criminal trial before a court. As the ASC noted, in relation to a respondent's ability to cross-examine a witness:
[I]n a regulatory context such as this, natural justice and procedural fairness do not necessarily dictate that an opportunity to cross-examine must be provided, as long as a party is given "a reasonable opportunity to comment on and challenge such evidence" in another way (citing Re Arbour Energy Inc., 2012 ABASC 131 at paras 49 and 52).
Further, the ASC was clear in noting that a respondent seeking to rely on a registration exemption must make a reasonable, serious effort – or take whatever steps were reasonably necessary – to satisfy himself that the exemption was available at the time of the trade of the security (citing Re Cloutier, 2014 ABASC 2 at para 308). Bald assertions of the presence of an exemption, or reliance on legal advice vis-�-vis the ostensible exemption, is not sufficient. Moreover, evidence is required to prove reliance on legal advice.
In terms of misrepresentations under the Act, the panel in Re Fauth reiterated that it is not necessary to prove reliance by specific investors on any specific statements or omission alleged to constitute a misrepresentation. Accordingly, what matters is the misrepresentation, the representor's knowledge of the misrepresentation and the effect of the misrepresentation on the market price or value of the security.
On the issue of fraud, ASC emphasized that it is unnecessary to prove that the accused knew that what he was doing was wrong or that he intended to cause someone else to incur a financial loss. All that is required is proof that the respondent intentionally committed the prohibited acts knowing that the consequence could be deprivation, including the risk of deprivation. Moreover, evidence of personal benefit is not required.
1 Section 29(e) of the Act stipulates that an ASC hearing panel "shall receive that evidence that is relevant to the matter being heard". Section 29(f) provides that "the laws of evidence applicable to judicial proceedings do not apply to a hearing before the ASC". These sections allow the admission of all relevant evidence, including hearsay, subject to the rules of natural justice and procedural fairness and the ASC's discretion.
2 These relatives too had invested in Espoir. They had personal knowledge of the unavailable witnesses investments and interactions with Fauth and gave viva voce evidence before the ASC during the hearing.
3 The ASC was not required to consider whether the alleged breaches of s. 75(1)(a) in the Notice of Hearing were limitation barred since these occurred after May 11, 2010 and were therefore within the six-year limitation period.
4 The ASC also relied on the British Columbia Securities Commission's decision in Re Williams, 2016 BCSECCOM 18 in concluding that the misrepresentation and fraud allegations were not statute barred. In Williams, investors loaned money on the representation that it would be "put into safe investments". Instead, the funds were used for other purposes, including payments to earlier investors. The panel in Williams concluded that it was a Ponzi scheme involving ongoing acts of deceit which persisted until the scheme collapsed. Accordingly, it was found to constitute a continuing course of conduct, none which was held to be statute-barred.
5 The Debentures contained language whereby the subscribers, by signing, ostensibly acknowledged that Espoir was a "private issuer" and warranted that they either were family, friends or close business associates of a "director, senior officer or control person" of Espoir (i.e., Fauth) or were accredited investors. If proven, these facts could have established that a prospectus and registration exemption was available prior to September 28, 2010. A number of the investors, however, were neither family, friends or close business associates of Fauth nor accredited investors at the time they purchased their first Unsecured Debenture in July 2006.
6 Section 93(b) now also prohibits an "attempt to engage or participate in any act, practice or course of conduct relating to a security ...that the person or company knows or reasonably ought to know will...perpetrate a fraud on any person or company".About Norton Rose Fulbright Canada LLP
Norton Rose Fulbright is a global law firm. We provide the world's preeminent corporations and financial institutions with a full business law service. We have 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.
Law around the worldnortonrosefulbright.com
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The Alberta Securities Commission. Herald file
A Calgary man who defrauded investors looking to buy shares in Facebook Inc. has been sanctioned by the Alberta Securities Commission and declared a “serious risk to the investing public.”
Nelson Peter Bradbury raised more than $1.5 million under investment agreements he sold from approximately January 2010 to March 2013. In some cases, according to a statement of admissions, he falsely told investors he had an inside track on Facebook Inc., and their money would be used to acquire shares in the social media giant prior to its initial public offering in May 0f 2012.
An ASC panel found Bradbury used approximately half of investors’ money to trade in his brokerage accounts, generating considerable losses. He also diverted at least $370,000 of investors’ money for personal use, including “household, grocery, clothing, restaurant, entertainment, vacation and recreational expenses” and “mortgage, tax and utility payments.”
The panel concluded Bradbury illegally traded and distributed securities, engaged in fraudulent conduct and misled the ASC. The panel ordered that he pay back $370,000 obtained as a result of his non-compliance with Alberta securities laws, pay an administrative penalty of $150,000 and investigation and hearing costs of $13,000, and be subject to an array of permanent market-access bans.
The panel noted the seriousness of Bradbury’s misconduct, the personal benefit derived from that misconduct, and his prior history of market misconduct (a 2001 admission of illegally raising money) supported “strong measures of specific and general deterrence.” It was also convinced Bradbury “is, and will remain, a serious risk to the investing public unless removed from the capital market forever.”
By Lenie Lectura
Power rates are expected to surge by 6.5 centavos per kilowatt-hour (kWh), or an equivalent of P13 for a household with an average monthly consumption of 200 kWh, every month for six months starting May in Luzon. The same rate hike will be applied for 36 months in the Visayas and Mindanao.
The impending rate hike, which will be reflected in the transmission component of an electric bill, was a result of a petition filed by the Power Sector Assets and Liabilities Management Corp. (PSALM) to recover P6.9 billion, including taxes, in differential ancillary service charges (ASC) from the National Grid Corp. of the Philippines (NGCP) incurred between March 2008 and October 2009.
However, the Energy Regulatory Commission (ERC) did not include the taxes in its computation when it arrived at a decision. “The commission has approved the recovery scheme for P5.2 billion, exclusive of VAT (value-added Tax),” ERC Chairman Jose Vicente Salazar said in a text message.
Of the P5.2 billion worth of differential ancillary charges that the commission approved, P1.5 billion must be recovered from the Luzon grid in six months, P1.9 billion in the Visayas in 36 months and P1.8 billion in Mindanao.
This is lower than what PSALM asked for. The approved recovery period is also longer than what the state firm stated in its petition.
“Interest was disallowed. Also, a longer recovery period will apply,” ERC Spokesman Rexie Digos said. “[The] case had been deliberated and the order is forthcoming,” he said.
The estimated rate impact of the approved absolute amount for recovery of P5.2 billion is 6.5 centavos per kWh to the customers, Digos said, adding that the amount would be collected from consumers until the absolute differential amount per grid has been completely recovered.
When sought to comment on how this new rate adjustment will affect the 5.8 million customers of the Manila Electric Co. (Meralco), Lawrence Fernandez, the utility firm’s head for utility economics, said, “that would be equivalent to around P13 in the bill each month.”
“If the collection will be spread over six months, then the total amount to be collected would be P78 for a typical household consuming 200 kWh,” Fernandez said in an interview.
Once the order is out, NGCP will have to bill the power distribution utilities (DUs) nationwide, including Meralco. Then, the rate impact will be reflected after one month in the bills of end-users. The impact will mainly be felt as part of the transmission charge.
The BusinessMirror reported on Monday that PSALM, in its eight-page application filed with the ERC, wants to recover P6,888,065,922.01 worth of ancillary services differential to be collected in a month for Luzon grid and six months in the Visayas and Mindanao grids.
When broken down, P2 billion will be collected in the Luzon grid; P2.5 billion in the Visayas; and P2.4 in Mindanao, the application stated.
Salazar, in the same text message, said the implemented rates in 2008 and 2009 were found to be lower than the approved rates of the ERC, “thus, the difference.”
In October 2009 the ERC issued a provisional authority (PA) allowing the National Power Corp. (Napocor) to charge NGCP for the provision of ancillary service, pending approval of the Ancillary Services Procurement Agreement (ASPA) between the Napocor and NGCP.
A year later, or in March 2010, the ERC made permanent the provisionally approved ASPA rate to be effective from the April 2008 billing period (March 26, 2008 to April 25, 2008) until the issuance of the PA on October 12, 2009.
At the same time, the ERC directed the Napocor and NGCP to submit additional recoverable ASC differential amount, which is the difference between the ERC-approved AS rate and National Transmission Corp.-calculated AS rate. They were also asked to submit a collection scheme for the April 2008 to October 2009 billing period.
The Napocor and NGCP both complied.
The Napocor, in its compliance with manifestation, seeks to recover P6,048,276,707.00 in ASC differential amount for the said period. NGCP, meanwhile, stated in its compliance with manifestation that the AS differential amounts to P5,286,853,359.62. The grid operator also submitted its proposed billing and collection scheme of one month for Luzon grid and six months for the Visayas and Mindanao grids.
Then, in May 2011, the Napocor filed its manifestation and motion for the ERC’s approval of the AS differential amount based on the updated data submitted by NGCP.
In the said motion, the Napocor noted that the principal AS differential amount of P5,286,853,359.62 now reconciles with the amount submitted by NGCP. Accordingly, in January 2012, the Napocor filed before the ERC a motion to resolve its May 2011 manifestation and motion for the approval of the total AS differential amount of P6,888,065,922.01 composed of the principal AS differential amount, interest and value-added tax.
By virtue of the asset-debt transfer between the Napocor and PSALM and pursuant to section 49 of Epira, PSALM intervened in the instant proceeding through a petition for intervention in July 2009.
AS provides essential in maintaining power quality, stability and security of the power grid. They stabilize electricity supply and prevent system-wide blackout, and regulate the volume of electricity delivered to end-users. In emergency cases, when a power plant breaks down, for instance, AS providers make backup plant readily available.
In a comment, the NGCP said AS are needed to ensure reliability in the operation of the transmission system and, consequently, in the reliability of the electricity supply in the Luzon, Visayas and Mindanao grids.
“It is the responsibility of the NGCP to adequately serve generation companies, distribution utilities and suppliers requiring transmission service and/or ancillary services through the transmission system,” the grid operator said.Lenie Lectura
She studied at Letran College. Named the Best Telecommunications and Energy reporter by Ejap in the past years; also received an award for best feature story.Latest posts by Lenie Lectura (see all)
3COM [8 Certification Exam(s) ]
AccessData [1 Certification Exam(s) ]
ACFE [1 Certification Exam(s) ]
ACI [3 Certification Exam(s) ]
Acme-Packet [1 Certification Exam(s) ]
ACSM [4 Certification Exam(s) ]
ACT [1 Certification Exam(s) ]
Admission-Tests [13 Certification Exam(s) ]
ADOBE [93 Certification Exam(s) ]
AFP [1 Certification Exam(s) ]
AICPA [2 Certification Exam(s) ]
AIIM [1 Certification Exam(s) ]
Alcatel-Lucent [13 Certification Exam(s) ]
Alfresco [1 Certification Exam(s) ]
Altiris [3 Certification Exam(s) ]
Amazon [2 Certification Exam(s) ]
American-College [2 Certification Exam(s) ]
Android [4 Certification Exam(s) ]
APA [1 Certification Exam(s) ]
APC [2 Certification Exam(s) ]
APICS [2 Certification Exam(s) ]
Apple [69 Certification Exam(s) ]
AppSense [1 Certification Exam(s) ]
APTUSC [1 Certification Exam(s) ]
Arizona-Education [1 Certification Exam(s) ]
ARM [1 Certification Exam(s) ]
Aruba [6 Certification Exam(s) ]
ASIS [2 Certification Exam(s) ]
ASQ [3 Certification Exam(s) ]
ASTQB [8 Certification Exam(s) ]
Autodesk [2 Certification Exam(s) ]
Avaya [96 Certification Exam(s) ]
AXELOS [1 Certification Exam(s) ]
Axis [1 Certification Exam(s) ]
Banking [1 Certification Exam(s) ]
BEA [5 Certification Exam(s) ]
BICSI [2 Certification Exam(s) ]
BlackBerry [17 Certification Exam(s) ]
BlueCoat [2 Certification Exam(s) ]
Brocade [4 Certification Exam(s) ]
Business-Objects [11 Certification Exam(s) ]
Business-Tests [4 Certification Exam(s) ]
CA-Technologies [21 Certification Exam(s) ]
Certification-Board [10 Certification Exam(s) ]
Certiport [3 Certification Exam(s) ]
CheckPoint [41 Certification Exam(s) ]
CIDQ [1 Certification Exam(s) ]
CIPS [4 Certification Exam(s) ]
Cisco [318 Certification Exam(s) ]
Citrix [48 Certification Exam(s) ]
CIW [18 Certification Exam(s) ]
Cloudera [10 Certification Exam(s) ]
Cognos [19 Certification Exam(s) ]
College-Board [2 Certification Exam(s) ]
CompTIA [76 Certification Exam(s) ]
ComputerAssociates [6 Certification Exam(s) ]
Consultant [2 Certification Exam(s) ]
Counselor [4 Certification Exam(s) ]
CPP-Institue [2 Certification Exam(s) ]
CPP-Institute [1 Certification Exam(s) ]
CSP [1 Certification Exam(s) ]
CWNA [1 Certification Exam(s) ]
CWNP [13 Certification Exam(s) ]
Dassault [2 Certification Exam(s) ]
DELL [9 Certification Exam(s) ]
DMI [1 Certification Exam(s) ]
DRI [1 Certification Exam(s) ]
ECCouncil [21 Certification Exam(s) ]
ECDL [1 Certification Exam(s) ]
EMC [129 Certification Exam(s) ]
Enterasys [13 Certification Exam(s) ]
Ericsson [5 Certification Exam(s) ]
ESPA [1 Certification Exam(s) ]
Esri [2 Certification Exam(s) ]
ExamExpress [15 Certification Exam(s) ]
Exin [40 Certification Exam(s) ]
ExtremeNetworks [3 Certification Exam(s) ]
F5-Networks [20 Certification Exam(s) ]
FCTC [2 Certification Exam(s) ]
Filemaker [9 Certification Exam(s) ]
Financial [36 Certification Exam(s) ]
Food [4 Certification Exam(s) ]
Fortinet [13 Certification Exam(s) ]
Foundry [6 Certification Exam(s) ]
FSMTB [1 Certification Exam(s) ]
Fujitsu [2 Certification Exam(s) ]
GAQM [9 Certification Exam(s) ]
Genesys [4 Certification Exam(s) ]
GIAC [15 Certification Exam(s) ]
Google [4 Certification Exam(s) ]
GuidanceSoftware [2 Certification Exam(s) ]
H3C [1 Certification Exam(s) ]
HDI [9 Certification Exam(s) ]
Healthcare [3 Certification Exam(s) ]
HIPAA [2 Certification Exam(s) ]
Hitachi [30 Certification Exam(s) ]
Hortonworks [4 Certification Exam(s) ]
Hospitality [2 Certification Exam(s) ]
HP [750 Certification Exam(s) ]
HR [4 Certification Exam(s) ]
HRCI [1 Certification Exam(s) ]
Huawei [21 Certification Exam(s) ]
Hyperion [10 Certification Exam(s) ]
IAAP [1 Certification Exam(s) ]
IAHCSMM [1 Certification Exam(s) ]
IBM [1532 Certification Exam(s) ]
IBQH [1 Certification Exam(s) ]
ICAI [1 Certification Exam(s) ]
ICDL [6 Certification Exam(s) ]
IEEE [1 Certification Exam(s) ]
IELTS [1 Certification Exam(s) ]
IFPUG [1 Certification Exam(s) ]
IIA [3 Certification Exam(s) ]
IIBA [2 Certification Exam(s) ]
IISFA [1 Certification Exam(s) ]
Intel [2 Certification Exam(s) ]
IQN [1 Certification Exam(s) ]
IRS [1 Certification Exam(s) ]
ISA [1 Certification Exam(s) ]
ISACA [4 Certification Exam(s) ]
ISC2 [6 Certification Exam(s) ]
ISEB [24 Certification Exam(s) ]
Isilon [4 Certification Exam(s) ]
ISM [6 Certification Exam(s) ]
iSQI [7 Certification Exam(s) ]
ITEC [1 Certification Exam(s) ]
Juniper [64 Certification Exam(s) ]
LEED [1 Certification Exam(s) ]
Legato [5 Certification Exam(s) ]
Liferay [1 Certification Exam(s) ]
Logical-Operations [1 Certification Exam(s) ]
Lotus [66 Certification Exam(s) ]
LPI [24 Certification Exam(s) ]
LSI [3 Certification Exam(s) ]
Magento [3 Certification Exam(s) ]
Maintenance [2 Certification Exam(s) ]
McAfee [8 Certification Exam(s) ]
McData [3 Certification Exam(s) ]
Medical [69 Certification Exam(s) ]
Microsoft [374 Certification Exam(s) ]
Mile2 [3 Certification Exam(s) ]
Military [1 Certification Exam(s) ]
Misc [1 Certification Exam(s) ]
Motorola [7 Certification Exam(s) ]
mySQL [4 Certification Exam(s) ]
NBSTSA [1 Certification Exam(s) ]
NCEES [2 Certification Exam(s) ]
NCIDQ [1 Certification Exam(s) ]
NCLEX [2 Certification Exam(s) ]
Network-General [12 Certification Exam(s) ]
NetworkAppliance [39 Certification Exam(s) ]
NI [1 Certification Exam(s) ]
NIELIT [1 Certification Exam(s) ]
Nokia [6 Certification Exam(s) ]
Nortel [130 Certification Exam(s) ]
Novell [37 Certification Exam(s) ]
OMG [10 Certification Exam(s) ]
Oracle [279 Certification Exam(s) ]
P&C [2 Certification Exam(s) ]
Palo-Alto [4 Certification Exam(s) ]
PARCC [1 Certification Exam(s) ]
PayPal [1 Certification Exam(s) ]
Pegasystems [12 Certification Exam(s) ]
PEOPLECERT [4 Certification Exam(s) ]
PMI [15 Certification Exam(s) ]
Polycom [2 Certification Exam(s) ]
PostgreSQL-CE [1 Certification Exam(s) ]
Prince2 [6 Certification Exam(s) ]
PRMIA [1 Certification Exam(s) ]
PsychCorp [1 Certification Exam(s) ]
PTCB [2 Certification Exam(s) ]
QAI [1 Certification Exam(s) ]
QlikView [1 Certification Exam(s) ]
Quality-Assurance [7 Certification Exam(s) ]
RACC [1 Certification Exam(s) ]
Real-Estate [1 Certification Exam(s) ]
RedHat [8 Certification Exam(s) ]
RES [5 Certification Exam(s) ]
Riverbed [8 Certification Exam(s) ]
RSA [15 Certification Exam(s) ]
Sair [8 Certification Exam(s) ]
Salesforce [5 Certification Exam(s) ]
SANS [1 Certification Exam(s) ]
SAP [98 Certification Exam(s) ]
SASInstitute [15 Certification Exam(s) ]
SAT [1 Certification Exam(s) ]
SCO [10 Certification Exam(s) ]
SCP [6 Certification Exam(s) ]
SDI [3 Certification Exam(s) ]
See-Beyond [1 Certification Exam(s) ]
Siemens [1 Certification Exam(s) ]
Snia [7 Certification Exam(s) ]
SOA [15 Certification Exam(s) ]
Social-Work-Board [4 Certification Exam(s) ]
SpringSource [1 Certification Exam(s) ]
SUN [63 Certification Exam(s) ]
SUSE [1 Certification Exam(s) ]
Sybase [17 Certification Exam(s) ]
Symantec [134 Certification Exam(s) ]
Teacher-Certification [4 Certification Exam(s) ]
The-Open-Group [8 Certification Exam(s) ]
TIA [3 Certification Exam(s) ]
Tibco [18 Certification Exam(s) ]
Trainers [3 Certification Exam(s) ]
Trend [1 Certification Exam(s) ]
TruSecure [1 Certification Exam(s) ]
USMLE [1 Certification Exam(s) ]
VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [33 Certification Exam(s) ]
Vmware [58 Certification Exam(s) ]
Wonderlic [2 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]
Dropmark : http://killexams.dropmark.com/367904/11907279
Wordpress : http://wp.me/p7SJ6L-29X
Dropmark-Text : http://killexams.dropmark.com/367904/12884858
Blogspot : http://killexamsbraindump.blogspot.com/2017/12/never-miss-these-asc-090-questions.html
RSS Feed : http://feeds.feedburner.com/ExactlySameAsc-090QuestionsAsInRealTestWtf
Box.net : https://app.box.com/s/wouue6jw5f8p2k6a5phe4shz5yois0xk