Industry News

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Logan Katz goes global with WTP Advisors

Ottawa-based public accounting and tax advisory firm Logan Katz LLP has joined forces with WTP Advisors, a tax and business consultancy that operates in nearly every major country. The alliance enables Logan Katz to offer an expanded range of tax services for existing clients, and increases WTP Advisors’ tax and advisory offerings in the area. […]

By Staff |April 18, 2011

1 min read

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Shaky Ground: Global shocks rattle markets

The worst of the Great Recession is well behind us, but so far 2011 has seen global markets lurch from one crisis to another. America appears content to inflate its way out of debt, which left unchecked could erode the savings of bondholders. In Europe, the sovereign debt crisis of a handful of countries has […]

By Staff |April 18, 2011

3 min read

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NEI to streamline shelf

NEI Investments has proposed a handful of fund mergers which would result in the termination of three funds. The plan would see the end of the Credential EnRich Canadian Equity Pool, Credential EnRich US Equity Pool and Credential EnRich International Equity Pool, with assets merged into the Ethical Canadian Dividend Fund, Ethical American Multi-Strategy Fund […]

By Staff |April 18, 2011

1 min read

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High yield market holds promise

The death of the Canadian income trust phenomenon has given the Canadian high yield market a new lease on life. Despite being around for decades, the market for high-yield bonds—formerly known as junk bonds—has stayed relatively small in Canada, especially in comparison to the market south of the border. But if experts at the recent […]

By Vikram Barhat |April 18, 2011

4 min read

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MFDA finds against Wijaysri Sivasubramanian

A disciplinary hearing in the matter of Wijaysri Sivasubramanian concluded yesterday in Toronto, Ontario before a three-person hearing panel of the MFDA’s Central Regional Council. After hearing submissions from staff of the MFDA, the hearing panel found that the following allegations against the respondent had been established: Allegation #1: Between 2002 and 2009, the respondent […]

By Staff |April 15, 2011

2 min read

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IIROC announces decision for Bryan Dale Claggett

A hearing panel of the Investment Industry Regulatory Organization of Canada has found that Bryan Dale Claggett violated an IIROC rule when, without his firm’s knowledge, he attempted to settle a client complaint by paying the client money. In its decision dated April 4, 2011, the panel dismissed a second charge which alleged that Claggett […]

By Staff |April 15, 2011

1 min read

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IIROC focuses on suitability, technology

The Investment Industry Regulatory Organization of Canada has released an updated Strategic Plan, aimed at investor protection, improving its use of technology and how the regulator reacts to unexpected events. “Our revised Strategic Plan will guide us in providing efficient, cost-effective regulation while responding to important changes in the industry and markets we regulate,” said […]

By Staff |April 14, 2011

2 min read

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Advisors need to be emotional shock absorbers

Contrary to popular belief, making money is not the goal of investment. Money is a currency that buys emotional gifts. These gifts could be safety, security, freedom or self esteem; unique reasons why people invest money. It is imperative, therefore, that financial advisors address and mitigate clients’ behavioral biases, says Frank Murtha, managing director, Market […]

By Vikram Barhat |April 14, 2011

3 min read

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Matrix proposes fund mergers

Matrix Funds Management has announced plans to terminate three of its funds, merging their assets into similar mandates. Under the proposals, the following mergers would take place: The proposed mergers are subject to the receipt of all necessary unitholder and regulatory approvals as well as the approval of the Independent Review Committee. Details of the […]

By Staff |April 14, 2011

1 min read

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MFDA issues reasons in Bytnar case

A hearing panel of the Prairie Regional Council of the MFDA has issued its reasons for decision in connection with the disciplinary hearing held in Calgary, Alberta on February 9 and 10, 2011 in the matter of Tadeusz (“Ted”) Bytnar. A copy of the hearing panel’s Reasons for Decision is available here, and on the […]

By Staff |April 14, 2011

1 min read

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