Industry

Little in LSE-TMX deal for investors

Although the mainstream media on both sides of the pond are going to town about the proposed LSE-TMX merger, the sense in the Canadian financial industry is that it’s not really going to set the Thames on fire. A deal like this only means two companies are looking to develop or defend their market, says […]

By Vikram Barhat |February 10, 2011

4 min read

IIROC settles with National Bank Direct Brokerage

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a Settlement Agreement, with sanctions, between IIROC staff and National Bank Direct Brokerage Inc. (NBDB). With this agreement, NBDB admits it failed in its duty to provide supervision and maintain adequate internal controls regarding one of its registered employees. The firm […]

By Staff |February 10, 2011

2 min read

IIROC sets penalty for Cooney, Jory Capital

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed penalties against Jory Capital Inc. and Patrick Cooney, Jory’s Chief Executive Officer, President and sole director. In a penalty hearing held on January 18, 2011, the hearing panel issued Mr. Cooney a $100,000 fine and a permanent ban from registration in […]

By Staff |February 10, 2011

2 min read

Big Deal: TMX/LSE suddenly seems small

Amid the hand-wringing that the merger of the TMX Group with the LSE would be a loss of sovereignty, a return of our old colonial masters, there’s another deal in the works that should knock the wind out of the assertion that this is an afront to Canadian pride. The Deutsche Borse, the operator of […]

By Steven Lamb |February 10, 2011

1 min read