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XTF Capital Corp. has launched the Canadian Convertible Liquid Universe ETF, Canada’s first Convertible Bond ETF. It will begin trading on the TSX on June 7. “The Convertible Bond XTF is unique to Canada,” said Barry Gordon, president and CEO of XTF Capital Corp. and its parent company, First Asset. “Our deep experience with convertible […]
By Staff |June 6, 2011
1 min read
A hearing panel of the MFDA’s Central Regional Council has issued its reasons for decision in connection with the disciplinary hearing held in Toronto, Ontario on March 23, 2011 in the matter of Chris. M. McAuley. Read a copy of the Reasons for Decision.
By Staff |June 3, 2011
The MFDA commenced a disciplinary proceeding in respect of Mark Lindsay by notice of hearing dated February 23, 2011. After hearing submissions from staff of the MFDA, the hearing panel found that the following allegations in the notice of hearing had been established: Allegation #1: Between approximately October 2007 and December 2008, the respondent failed […]
2 min read
A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed penalties against Rocco Tony Cornacchia and, Northern Securities Inc., after finding that both had violated IIROC rules in the following manner: As penalties, the panel ordered that: Specifically, the panel determined the parties committed the following violations: IIROC began the investigation […]
By Staff |June 2, 2011
“You should not use a multiple to do valuation."
By Melissa Shin |June 2, 2011
10 min read
Almost all pensions provide for joint and survivor benefits. This means when a pensioner dies, his or her spouse can continue to receive benefits.
By Daniel Dochylo |June 1, 2011
5 min read
A regulatory sea change is on the horizon, but don’t expect it to bring consistency coast to coast, Joseph Groia argued at Advisor Group’s annual Distributors’ Summit.
By Dean DiSpalatro |June 1, 2011
3 min read
“We all have to get out of the product business,” said Chris Reynolds, president and CEO of Investment Planning Counsel Inc., speaking at the 2011 Distributors’ Conference in Niagara Falls.
By Vikram Barhat |June 1, 2011
A clear strategy, diversity and business innovation are some of the most important components of an attractive work environment.
IIROC currently holds over $32 million in an Externally Restricted ABCP Fund derived from fines and interest - a substantial sum of money by anybody’s standards. With IIROC expected to settle the disposition of the fund later this year, investors, advisors and legislators should consider the issues surrounding this fund and determine whether legislative and procedural changes are needed.
By James Hymas |June 1, 2011
9 min read
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