Industry

Proposed IIROC rule too lax: FPSC

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

Court upholds ABCP ruling

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

By The Book:

(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

Briefly:

(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 […]

By Staff |August 19, 2008

2 min read