News and resources for Canada's top financial advisors
Industry
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
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
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 […]
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
A disciplinary hearing in the matter of Stephen Arnold Smith was held yesterday in Toronto, Ontario before a three-person Hearing Panel of the MFDA’s Central Regional Council. Prior to hearing MFDA Staff’s submissions on the merits, the Hearing Panel granted a motion by Staff to amend the Notice of Hearing. A copy of the Amended […]
By Staff |February 9, 2011
A hearing panel of the Investment Industry Regulatory Organization of Canada has found that James Charles Dennis entered into a business referral arrangement with another industry participant for which he received compensation and about which he failed to inform his firm. The panel announced its findings in a decision dated January 21, 2011. The panel […]
A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Savitri Shamseer violated IIROC Rules by making discretionary trades in a client account that was not a discretionary account. In its decision dated January 24, 2011, the panel also imposed a penalty calling for Ms. Shamseer to: Specifically, Ms. Shamseer […]
Horizons BetaPro has announced the launch of the Horizons BetaPro COMEX Copper ETF, which the company says is North America’s first non-leveraged ETF offering exposure to daily price fluctuations in copper futures contracts. “In our view, using an ETF linked to the return of copper futures is the most direct and efficient way to invest […]
Reaction to the final report by the Task Force on Financial Literacy has been overwhelmingly favourable, with several industry groups volunteering to provide education and assistance. The federal government was also quick to welcome the report, entitled Canadians and Their Money: Building a brighter financial future. (Click here to download a PDF of the report) […]
By Steven Lamb |February 9, 2011
3 min read
Urgent action is needed to improve the financial literacy of Canadians, as individuals must increasingly take responsibility for their own future, according to the Task Force on Financial Literacy. The task force submitted its final report to the federal government this morning. “Financial literacy is critical to the prosperity of Canadians and the nation,” said […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.