Industry News

MFDA makes findings against Smith

A disciplinary hearing in the matter of Stephen Arnold Smith was held yesterday in Toronto, Ontario before a three-person Hearing Panel of the MFDA’s Central Regional Council. Prior to hearing MFDA Staff’s submissions on the merits, the Hearing Panel granted a motion by Staff to amend the Notice of Hearing. A copy of the Amended […]

By Staff |February 9, 2011

1 min read

Industry

IIROC releases decision for Dennis

A hearing panel of the Investment Industry Regulatory Organization of Canada has found that James Charles Dennis entered into a business referral arrangement with another industry participant for which he received compensation and about which he failed to inform his firm. The panel announced its findings in a decision dated January 21, 2011. The panel […]

By Staff |February 9, 2011

1 min read

Industry

IIROC releases decision, penalty for Shamseer

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Savitri Shamseer violated IIROC Rules by making discretionary trades in a client account that was not a discretionary account. In its decision dated January 24, 2011, the panel also imposed a penalty calling for Ms. Shamseer to: Specifically, Ms. Shamseer […]

By Staff |February 9, 2011

1 min read

Industry

BetaPro launches third copper ETF

Horizons BetaPro has announced the launch of the Horizons BetaPro COMEX Copper ETF, which the company says is North America’s first non-leveraged ETF offering exposure to daily price fluctuations in copper futures contracts. “In our view, using an ETF linked to the return of copper futures is the most direct and efficient way to invest […]

By Staff |February 9, 2011

1 min read

Industry reacts to Financial Literacy report

Reaction to the final report by the Task Force on Financial Literacy has been overwhelmingly favourable, with several industry groups volunteering to provide education and assistance. The federal government was also quick to welcome the report, entitled Canadians and Their Money: Building a brighter financial future. (Click here to download a PDF of the report) […]

By Steven Lamb |February 9, 2011

3 min read

Urgent action needed on financial literacy: Task force

Urgent action is needed to improve the financial literacy of Canadians, as individuals must increasingly take responsibility for their own future, according to the Task Force on Financial Literacy. The task force submitted its final report to the federal government this morning. “Financial literacy is critical to the prosperity of Canadians and the nation,” said […]

By Steven Lamb |February 9, 2011

3 min read

Tackling tax-efficient investing

While tax-advantaged vehicles such as RRSPs and tax-free savings accounts are a sure bet for most investors, they are limited by the investor’s contribution room. Once that has been exhausted, investing in taxable accounts is the next step. However, at that point, the tax impact of making such a move must be investigated.

7 min read

London calling: TMX to merge with LSE

TMX Group, operator of the Toronto Stock Exchange, has announced that it will merge with the London Stock Exchange. The result would be a trans-Atlantic market with a dominant role in capital financing for the mining industry. The spin off for Canadian investors is that the investing population of Britain — more than double that […]

2 min read

Call for custom-made retirement planning

When it comes to planning retirement, it pays to go beyond covering all the usual bases. The optimal retirement planning process must adapt to individual goals, according to a report from Laurentian Bank.

By Vikram Barhat |February 8, 2011

2 min read