Industry

U.S. stocks back in vogue: Russell survey

The U.S. economy should sustain its recovery, despite the expiry of the Federal Reserve’s second round of quantitative easing, according to a survey of Canadian investment managers. In fact, the latest Russell Investments Investment Manager Outlook found that the American stock market is seen as holding the most promise. Sixty-two percent of respondents were bullish […]

By Staff |July 4, 2011

2 min read

LGBT community faces retirement challenges

Canadian members of the lesbian, gay, bisexual and transgender (LGBT) community must seek out professional financial advice around their unique financial and retirement planning issues including estate planning, care-giving and housing. The advisor community, on the other hand, must respond to the financial planning needs of this often marginalized segment of society. These are some […]

By Vikram Barhat |June 30, 2011

3 min read

Outside business activity fine tops $320,000

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed its penalty against James Charles Dennis. The penalty follows the panel’s decision which found that Dennis failed to disclose certain outside business activities to his firm and its compliance staff. The penalty against Dennis includes: • A fine in the amount […]

By Staff |June 30, 2011

2 min read

Personal dealings fine costs advisor $25,000

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Weng Lok Toh. With the agreement, Toh admits that he engaged in personal financial dealings with clients without disclosing the dealings to his firm. The penalty against Toh includes a $20,000 fine […]

By Staff |June 30, 2011

1 min read