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minimum levels of work experience a standardized examination continuing education; and a code of conduct or ethics “Rather than recognizing that, IIROC has simply listed four certifications that they believe meet their own requirements,” he says. “Several of them don’t necessarily have the components of what goes into true professional certification.” As drafted, the proposed […]
By Steven Lamb |August 20, 2008
4 min read
The Ontario Court of Appeal has upheld a lower court’s approval of the third-party asset-backed commercial paper (ABCP) restructuring plan. In its decision, the Court of Appeal said it “ought not to interfere” in the decision “that the plan is fair and reasonable in all the circumstances.” Since June 5 — when the Ontario Superior […]
By Craig Sebastiano |August 19, 2008
2 min read
(August 19, 2008) An MFDA hearing panel has issued reasons for its decision in an August 6 settlement with Patrick Sullivan. Sullivan, a 37-year industry veteran, had been a director of British Columbia–based All Island Equity Mortgage Investment Corporation (AIEMIC), with the full knowledge of his firm, IQON. He had agreed to limit his participation […]
By Staff |August 19, 2008
1 min read
(August 19, 2008) A record 92,000 candidates, globally, sat the June exams on the road to earning a CFA charter, with a total pass rate of 42%, according to the CFA Institute. The United States was home to the largest cohort, with 28,306 candidates taking one of the three exams, with a combined pass rate […]
Government statistics around the globe reveal an aging population that is projected to trigger significant economic dilemmas — including long-term health care costs. In an effort to alleviate the burden of health care costs among an aging population, Advocis, the Financial Advisors Association of Canada, updated the Registered Health Underwriter (RHU) designation, which enables financial […]
By Romana King |August 19, 2008
3 min read
Monday night’s decision by the Ontario Court of Appeals allowing the asset-backed commercial paper restructuring plan to proceed was a mixed blessing for investors. The deal, hammered out by the Pan-Canadian Investors Committee, allows retail investors who bought less than $1 million of ACBP to get all their money back, while institutions and individuals who […]
By Bryan Borzykowski |August 19, 2008
(August 18, 2008) The U.S. housing market, already bearing the brunt of the economic slowdown, has yet to hit bottom, according to a report from Scotia Economics. While there are sporadic reports of increasing sales activity in some regions, and the pace of the decline seems to have slowed, the market could take another hit […]
By Staff |August 18, 2008
(August 18, 2008) The Investment Industry Regulatory Association of Canada has issued notice of a hearing in Vancouver into the actions of Yuan Jun Fan, at the time a registered representative with the Vancouver Park Place Branch of RBC Dominion Securities. The respondent allegedly engaged in an off-book securities transaction with a client (G.L.) that […]
(August 18, 2008) Fidelity Investments Canada has announced changes to the management of a handful of global and international fund portfolios. Cesar Hernandez will assume lead portfolio manager responsibilities on the Fidelity International Disciplined Equity Fund and Fidelity Overseas Fund, succeeding Chris Goudie. At the same time, Hernandez and his team will take over the […]
If your dealership hasn’t already done it, here’s something you might expect in the near future — FINTRAC-mandated training on the revised anti-money laundering regulations, which came into effect this June. Some firms have already started. Just last week, Interglobe Financial Services Corp. and Blonde & Little Financial Services Ltd. jointly conducted a one-hour web-based […]
By Kanupriya Vashisht |August 18, 2008
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