Industry

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Estate Planning

Business owners need succession help

Small and medium-sized business owners can make great clients. Their net worth is usually higher than average and their complex needs allow the advisor to demonstrate their expertise in tax and estate planning. If there is one area that needs special attention, however, it is succession planning. Nearly half of Canadian family business owners have […]

By Steven Lamb |March 14, 2011

3 min read

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MFDA accepts settlement with Pan Chen

A settlement hearing in the matter of Pan Chen was held today in Vancouver, British Columbia before a hearing panel of the MFDA’s Pacific Regional Council. The Hearing Panel accepted the settlement agreement between MFDA staff and the respondent, as a consequence of which the respondent: In the settlement agreement, the respondent admitted that between […]

By Staff |March 14, 2011

1 min read

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NexGen seeks fund mergers

NexGen Financial is seeking unitholder ad regulatory approvals for several fund mergers which would elimate six funds. The proposals include: Securityholder approval will be sought at special meetings to be held on March 29, 2011 for the Registered Funds and on March 30, 2011 for the Tax Managed Funds. If approvals are obtained, the mergers […]

By Staff |March 14, 2011

1 min read

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MFDA accepts settlement with Lambros

A settlement hearing in the matter of Mary Lorelei Lambros was held on March 7, 2011 in Toronto, Ontario before a hearing panel of the MFDA’s Central Regional Council. The hearing panel accepted the Settlement Agreement between MFDA Staff and the respondent, as a consequence of which the respondent: • has paid a $40,000 fine; […]

By Staff |March 10, 2011

3 min read

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OBSI cases set record in 2010

The banking and investment industry set a dubious record in 2010, as review by the Ombudsman for Banking Services and Investments topped 1,000 for the first time its OBSI’s 15-year history. “The fact that complaints have reached another new high demonstrates yet again that financial sector consumers need and deserve an impartial and effective alternative […]

By Staff |March 10, 2011

1 min read

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Awareness helps fraud-proof your client

If you believe the mainstream press, the financial services industry is rife with fraud. While the industry may have a few bad apples, a more plausible explanation for this misconception is that fraudsters see the industry as perfect cover for their underhanded schemes. Pretending to be a financial advisor, a thief can clean out multiple […]

By Steven Lamb |March 10, 2011

2 min read

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IIAC demands clarity on TMX-LSE deal

Reader Alert: Make your views known on the TMX-LSE story. Post your thoughts at the bottom of this story and vote in our poll here. The tug of war among industry participants over the proposed TMX-LSE merger intensified as the Investment Industry Association of Canada (IIAC) weighed in on the tussle. In a presentation to […]

By Vikram Barhat |March 10, 2011

3 min read

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Toronto CFA Society honours Pauline Shum

The Toronto CFA Society has named the first recipient of their newest award, the Toronto CFA Society & Hillsdale Canadian Investment Research Award. The honour goes to Dr. Pauline Shum, finance professor at the Schulich School of Business, York University, for her research paper “The Long and Short of Leveraged ETFs: the Financial Crisis and […]

By Staff |March 10, 2011

1 min read

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FMFD board announces new priorities

The new board of directors of the Federation of Mutual Fund Dealers has announced what it describes as a “new direction, vision, mission and purpose.” “The Vision of the Federation is to be the representative voice of mutual fund distribution in Canada. The Mission is to ensure the viability and prosperity of this vital channel […]

By Staff |March 10, 2011

1 min read

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IIROC sets penalty for Benarroch, Kent, Glover and Credifinance Securities

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed penalties against Georges Benarroch, Linda Kent, Marjorie Ann Glover and Credifinance Securities Limited, as follows: The panel also required the individuals to pay costs in the amounts of $50,000 by Mr. Benarroch, $25,000 by Ms. Kent and $25,000 by Ms. Glover. […]

By Staff |March 9, 2011

2 min read

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