Industry

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IDA imposes sanctions against three registrants

The IDA has slapped a $10,000 fine against CIBC World Markets rep Randal Jerome Hazen, who admitted to soliciting and trading investments illegal in Ontario, one of three advisors sanctioned Monday by the brokerage industry association. The off-book private placement transactions, made during February, March and August, 2000, took place without the knowledge or approval […]

By Steven Lamb |July 24, 2006

2 min read

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CSA requests comments on proposed soft-dollar rules

The Canadian Securities Administrators has published proposed rules governing soft-dollar arrangements where advisors use commissions to pay for trading-related goods and services, including incidental advice, research, analytical tools and trade execution. The proposed National Instrument, Use of Client Brokerage Commissions as Payment for Order Execution Services or Research (“Soft Dollar” Arrangements), reviews responses to past […]

By Kate McCaffery |July 24, 2006

3 min read

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Briefly:

(July 21, 2006) Investor Group has added two new Canadian equity funds to its product lineup: Investors Canadian Growth and IG Mackenzie Maxxum Canadian Equity Growth. The funds, also available in corporate class versions, will invest primarily in growth-oriented Canadian companies and will be guided by portfolio managers who have experience and expertise in overseeing […]

By Staff |July 21, 2006

3 min read

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Jantzi breaks new ground in SRI research

Oil and gas companies are generally not known for their environmental, social and governance practices, but in response to investor demand for such information, Jantzi Research has come out with a new report that analyzes and ranks producer performance across a broad range of ESG issues. In the report, entitled Oil and Gas in a […]

By Kate McCaffery |July 21, 2006

3 min read

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Inflation more of a worry in the U.S.

Life as a central banker may be getting more complicated, as the U.S. Federal Reserve struggles to cope with both a weakening economy and the possibility of resurgent inflation. This week provided a glimpse into the discussion around the table at the last meeting of Federal Open Market Committee and it appears inflation fears have […]

By Steven Lamb |July 21, 2006

6 min read

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(July 20, 2006) Rice Financial Group has reached a deal to purchase the right to service and the revenues generated from Victoria-based life insurance provider Sawyer & Sawyer’s clients in Ontario, Manitoba and Saskatchewan. The agreement gives Sawyer & Sawyer’s clients access to an advisor who can work on all their financial needs, the two […]

By Staff |July 20, 2006

3 min read

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Boutique firm looks to bulk up

One of Canada’s youngest brokerage firms is determined to play with the big boys. Toronto-based MGI Securities plans to more than double in size over the next two years, from 43 advisors to about 100 and from $2 billion in assets under management to between $6 billion and $7 billion. Sam Collins, senior vice-president of […]

By Renée Alexander |July 20, 2006

4 min read

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(July 19, 2006) The British Columbia Securities Commission has issued a notice of hearing alleging that Ian Gregory Thow violated securities laws and perpetrated a fraud on B.C. investors. The notice says between January 2003 and May 2005 Thow told clients he was able to invest money for them in various securities, including mortgages and […]

By Staff |July 19, 2006

5 min read

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Energy stocks can be a mixed bag

Ask virtually anyone what has been powering the TSX through the recent bull run and you’ll get the same answer: Huge profits in the energy sector. But that seemingly easy answer may be only half true. While Canada’s oil producers have reaped the benefits of soaring crude prices, the natural gas side of the sector […]

By Steven Lamb |July 19, 2006

2 min read

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(July 18, 2006) IFIC has announced that it will sponsor a new category in the Canadian Investment Awards that recognizes excellence in investor education. The award will be given to an investment fund manager, dealer or integrated firm that has produced an exceptional educational initiative aimed at investors. The five person judging panel includes securities […]

By Staff |July 18, 2006

3 min read

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