Industry

IIROC reaches decision for Nott, et al

A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that five employees at TD Securities Inc. violated the Universal Market Integrity Rules (UMIR) by entering artificial closing bids in 322 instances over a six-month period. The panel dismissed an allegation that TD Securities failed to comply with its trading supervision […]

By Staff |December 20, 2010

2 min read

Enhanced CPP option on the rocks

Federal Finance Minister Jim Flaherty appears set to discard the option of enhancing the Canada Pension Plan, heading into the meeting with his provincial counterparts in Kananaskis, Alberta. Last week Flaherty proposed a private sector solution to Canada’s future retirement funding crisis, which would allow workers without a pension plan to contribute to a pooled […]

By Steven Lamb |December 20, 2010

1 min read

S&P/TSX launch two new indices

Standard & Poor’s and TSX Group have launched two new yield- focuses indices for the Canadian marketplace: the S&P/TSX Equity Income Index and the S&P/TSX Composite Dividend Index. The Equity Income Index focuses on dividend income and is comprised of 50 to 75 dividend-paying stocks selected from the S&P/TSX Composite Index. It is designed to […]

By Staff |December 20, 2010

1 min read

AMF files 189 charges, seeks nearly $2.8 million in fines

The Autorité des marchés financiers (AMF) has filed penal proceedings against six individuals in connection with Centre de traitement d’information de crédit (C.T.I.C.) inc. and is seeking fines totalling $2,795,350. Specifically, the AMF has filed 127 charges against Patrick Gauthier for illegally acting as a securities dealer on 16 occasions and, on 88 occasions, aiding […]

By Staff |December 20, 2010

2 min read