Industry News

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Industry

Franklin Templeton fund mergers approved

Franklin Templeton Investments has received approval from securityholders to merge Bissett Multinational Growth Fund into Franklin World Growth Fund, and Bissett Multinational Growth Corporate Class into Franklin World Growth Corporate Class. The fund mergers and transfer of securities will take effect on or about the close of business on June 24, 2011. Securityholders of Bissett […]

By Staff |June 13, 2011

1 min read

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Industry

Canadian couples avoiding insurance talk

When it comes to communication skills, women are often considered innately advantaged. Except when the subject of discussion is life insurance. According to a TD Insurance poll, it’s men who are driving the conversation about insurance on the rare occasions that it is broached. Aptly titled Look Who’s Talking, the poll revealed discussing life insurance […]

By Vikram Barhat |June 13, 2011

2 min read

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Industry

Supervisory lapse costs $25,000 fine

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Randall Glen Bergh. With this agreement Bergh admits to failing to adequately perform his supervisory duties. Bergh has agreed to a penalty of a $22,000 fine and $3,000 in costs. The penalty […]

By Staff |June 13, 2011

1 min read

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Industry

IIROC levies $10,000 fine for client pay-off

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed a $10,000 fine against Bryan Dale Claggett. The penalty decision follows the panel’s earlier decision, dated April 4, 2011, which found that Claggett violated an IIROC rule when, without his firm’s knowledge, he attempted to settle a client complaint by paying […]

By Staff |June 13, 2011

1 min read