Industry

Stock slump slows fund sales

Mutual fund sales are expected to come in at around $750 million in October, according to IFIC’s preliminary estimates, down from $1.8 billion the previous month. Based on a sample of data from some members, net new sales for October are expected to be in the range of $550 million to $950 million, IFIC says. […]

By Doug Watt |November 2, 2005

1 min read

OSC starts limited market dealer sweep

If you’re a limited market dealer (LMD) that’s a bit weak on the compliance side, it’s time to hustle, Laurie Clark, a partner at Borden Ladner Gervais, told a recent Strategy Institute conference in Toronto. For a long time, she noted, the OSC largely ignored LMDs aside from requiring them to fill in their forms. […]

By Philip Porado |November 1, 2005

3 min read

Know what you sell, MFDA reminds

an assessment of the investment objectives and any projected returns for the product and the likelihood that the investment will meet these objectives and projections consideration of competitive products that may be less costly or less risky an assessment of the commissions and other compensation to be paid to the member and approved person for […]

By Steven Lamb |November 1, 2005

3 min read

IDA proposes organizational spin-off

The IDA board has endorsed a proposal to spin-off off its trade association function into a separate organization and focus solely on self-regulation. Critics have long complained that advocating for, and regulating brokers and dealer firms creates potential conflicts of interests. In the past, IDA president Joe Oliver maintained there was no inherent conflict in […]

By Doug Watt |October 31, 2005

2 min read