President Obama Signs National Law Banning The Use Of Ticket Bots

first_imgBack in 2015, we launched a petition urging our United States government to sign the BOTS Act (aka Better Online Ticket Sales Act) effectively criminalizing the use of ticket bot software to hack websites and purchase tickets before average consumers. At the time, the bill was being pushed by Senator Chuck Schumer, and his influenced helped Governor Andrew Cuomo sign similar legislation into law for New York State.Shortly thereafter, Congress actually passed the BOTS Act through both houses, sending it off to President Obama for his approval. Today, we’ve learned that the BOTS Act has been officially enacted into federal law!The summary for the new act explains that it “prohibits the circumvention of control measures used by Internet ticket sellers to ensure equitable consumer access to tickets for certain events.” The new legislation even allows the federal government to file civil lawsuits for those who were affected by scalpers using ticket bots. Of course, the real challenge will be enforcing this new law, but putting this into the country’s legislation is a huge first step in the fight against ticket scalping. Let’s hope this means fairer ticket buying for all.last_img read more

​BT veteran moves to USS as head of strategy coordination

first_imgIn her 20 years’ working in the industry, Graham has also worked at UBS, SBC Warburg and Progressive Alternative Investments, before moving to BTPS.A statement said her role would see her “managing the interlined developments across investment requirements, operations and risk control”. Kathryn Graham, a 10-year veteran of BT Pension Scheme (BTPS), is to join the Universities Superannuation Scheme in the newly created role of head of strategy coordination.Roger Gray, the £40bn (€48bn) fund’s CIO and head of USS Investment Management, said Graham would be a welcome addition to the unique scheme.“Increasingly, we are taking a whole-scheme view to investment and risk management,” Gray said, “and, through the development of this role, we hope to achieve greater synergies amongst our various asset classes and managers to deliver the most effective investment strategy.”  Graham, who most recently was head of special projects at BTPS, said the university fund’s “willingness to work between the traditional and alternative asset classes” made it one of the more interesting institutional investors.last_img read more