Industry

Decorative pattern

OSC issues investor alert about foreign stock scams

(March 12, 2003) The Ontario Securities Commission has issued a warning about cross-border and foreign securities sales following a number of complaints from investors. The scams typically involve an offer to invest in futures, options or foreign exchanges through an American or foreign firm. The fraudsters claim that they do not have to be registered […]

By Doug Watt |March 12, 2003

1 min read

Decorative pattern

High-income earners on the rise, census reveals

(March 11, 2003) The number of high-salaried Canadians soared in the 1990s as more workers cashed in on their university education, the latest census reveals. Nearly 450,000 Canadians earned an annual salary of more than $100,000 in 2000, a 70% increase compared to 1990, Statistics Canada reported today. Among the high-income earners, 61% had a […]

By Doug Watt |March 11, 2003

2 min read

Decorative pattern

Performance only part of the fund sales story, report concludes

(March 11, 2003) Investment returns may help boost mutual fund sales, but there are other factors at play, according to a recent report from fund researcher Investor Economics. Industry players give investment performance too much credit for driving mutual fund sales and too much blame for sparking redemptions, says the report, called “Selling Steak or […]

By Doug Watt |March 11, 2003

2 min read

Decorative pattern

Capturing the

Untitled Document Hitting the target A diverse and flexible approach is key to capturing the “wealthy of the future.” With affluent baby boomers continually attracting the lion’s share of attention from both the media and the financial services industry, the generation behind them – commonly known as Generation-X – remains a largely untapped opportunity for […]

By Staff |March 10, 2003

2 min read

Decorative pattern

Joint Forum calls for voluntary, industry-wide practice standards

(March 10, 2003) Universal practice standards should be adopted that would apply to all those working in Canada’s financial services sector, says the Joint Forum of Financial Market Regulators, the coordinating body for securities, insurance and pension regulators. Last week, the Joint Forum released an extensive consultation paper called “Principles and Practices for the Sale […]

By Doug Watt |March 10, 2003

2 min read

Decorative pattern

Steer clients clear of bear trap with action steps in March’s Advisor’s Edge

(March 10, 2003) Unfortunately, the bear market has been a familiar theme with advisors and their clients for far too long already. However, rather than just offering familiar advice, the March issue of Advisor’s Edge digs deeper with a host of industry experts offering actionable tips to preserve client wealth in these unsteady times. “Advisors […]

By John Craig |March 10, 2003

2 min read

Decorative pattern

Leading pension plans report losses

(March 10, 2003) Two of Canada’s largest capital pools reported losses today. The Ontario Teachers Pension Plan Board is down 2% for 2002, about the same as last year. In Quebec, the Caisse de dépôt et placement lost 9.57%, more than double its loss in 2001. The Caisse’s total loss of $7.59 billion is much […]

By Scot Blythe |March 10, 2003

3 min read

Decorative pattern

IDA asks Ontario to amend income trust legislation

(March 7, 2003) The Investment Dealers Association wants the Ontario government to move quickly to introduce legislation that would limit liability for income trust unitholders. In a pre-budget submission, the IDA says such a change would put trusts on the same footing as corporations by limiting potential investor losses to the initial investment. In a […]

By Doug Watt |March 7, 2003

2 min read

Decorative pattern

Improved ethics, increased regulation can help restore investor confidence, says U.S. regulator

(March 7, 2003) Acts of malfeasance within the financial services industry have lead to a loss of faith by investors, costing the advisor community heavily in both client confidence and falling revenues, says Mary Schapiro, vice-chair of the NASD, the American self-regulatory organization covering brokerage firms and their registered representatives. NASD, formerly the National Association […]

By Art Melo |March 7, 2003

3 min read

Decorative pattern

Independent agents better able to cope with brokerage downturn, but OSC still says no

(March 6, 2003) Traditional brokerage firms are getting walloped as retail trading declines and investors prove loathe to put new money into mutual funds. Despite that, Raymond James finds its U.S. brokers are faring well. A major reason is that most of them are cost-conscious independent contractors, something that still isn’t allowed in Canada. The […]

By Scot Blythe |March 6, 2003

4 min read

← Previous 1 … 2,123 2,124 2,125 2,126 2,127 … 2,143 Next →