Industry

MFDA finds against Wijaysri Sivasubramanian

A disciplinary hearing in the matter of Wijaysri Sivasubramanian concluded yesterday in Toronto, Ontario before a three-person hearing panel of the MFDA’s Central Regional Council. After hearing submissions from staff of the MFDA, the hearing panel found that the following allegations against the respondent had been established: Allegation #1: Between 2002 and 2009, the respondent […]

By Staff |April 15, 2011

2 min read

IIROC announces decision for Bryan Dale Claggett

A hearing panel of the Investment Industry Regulatory Organization of Canada has found that Bryan Dale Claggett violated an IIROC rule when, without his firm’s knowledge, he attempted to settle a client complaint by paying the client money. In its decision dated April 4, 2011, the panel dismissed a second charge which alleged that Claggett […]

By Staff |April 15, 2011

1 min read

IIROC focuses on suitability, technology

The Investment Industry Regulatory Organization of Canada has released an updated Strategic Plan, aimed at investor protection, improving its use of technology and how the regulator reacts to unexpected events. “Our revised Strategic Plan will guide us in providing efficient, cost-effective regulation while responding to important changes in the industry and markets we regulate,” said […]

By Staff |April 14, 2011

2 min read

Advisors need to be emotional shock absorbers

Contrary to popular belief, making money is not the goal of investment. Money is a currency that buys emotional gifts. These gifts could be safety, security, freedom or self esteem; unique reasons why people invest money. It is imperative, therefore, that financial advisors address and mitigate clients’ behavioral biases, says Frank Murtha, managing director, Market […]

By Vikram Barhat |April 14, 2011

3 min read