Industry News

Richardson GMP names Gareth Watson VP

Richardson GMP has announced the appointment of Gareth Watson to vice-president, Investment Management & Research, where he will develop and communicate the firm’s core investment strategy platform. “The appointment of Gareth to our Investments & Advice Team is a key step in the continued delivery of actionable ideas to our Investment Advisors and their clients,” […]

By Staff |February 2, 2011

1 min read

Industry

McIntyre named president of Sentry

Sentry Investments has named Sandy McIntyre as president of the company. He will continue to guide the Investment Management team as Chief Investment Officer “As chief investment officer, Sandy McIntyre has assembled a portfolio management team that is recognized as one of the best in the Canadian financial services industry,” said John Driscoll, Sentry’s CEO. […]

By Staff |February 2, 2011

1 min read

Industry

IIROC settles with Credit Suisse Securities

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, which includes sanctions, between IIROC staff and Credit Suisse Securities (Canada) Inc. In this agreement, Credit Suisse admits that it violated the Universal Market Integrity Rules (UMIR) by failing to comply with its trading supervisory obligations. The firm […]

By Staff |February 2, 2011

2 min read

Industry

Mid-East unrest boosts fund returns

Political upheavel in Tunisia and Egypt helped boost Canadian mutual fund returns in January, on fears that Middle East oil supplies could be disrupted, according to a preliminary report from Morningstar Canada. “Concerns grew that protests could spread to larger oil-producing countries and that supplies through the Suez Canal and Sumed oil pipeline could be […]

By Steven Lamb |February 2, 2011

1 min read

Large cap growth managers on top in Q4

New data from the Russell Active Manager Report shows Canadian large cap growth managers in Canada gained 11.1% in the final quarter of 2010, their highest return since the first quarter of 2009. This also beats the S&P/TSX Composite Index’s return of 9.4% and the median value manager’s return of 9.1% during the same period. […]

By Staff |February 2, 2011

4 min read

MFDA accepts settlement with Victor Lee

A settlement hearing in the matter of Victor Raymond Fook Seng Lee (the “respondent”), the former president, chief executive officer and chief compliance officer of Laurier Capital Planning Inc., was held today in Calgary, Alberta before a hearing panel of the MFDA’s Prairie Regional Council. The hearing panel accepted the settlement agreement between MFDA staff […]

By Staff |February 1, 2011

2 min read

MFDA issues reasons for decision in Fanelli, Torchia cases

A hearing panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its reasons for decision in connection with the hearings held in Toronto, Ontario on December 3, 2010 in the matters of Domenic Fanelli (Settlement Hearing) and Michele Torchia (Hearing on the Merits). A copy of the […]

By Staff |February 1, 2011

1 min read

MFDA issues reasons for decision in Gabrielson case

A hearing panel of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its reasons for decision in connection with the settlement hearing held in Calgary, Alberta on November 18, 2010 in the matter of Bradley Monroe Gabrielson. A copy of the Reasons for Decision is available here.

By Staff |February 1, 2011

1 min read

Incorporating salespeople touches a nerve

For over a decade, registered salespeople have sought the right to incorporate. Many other professionals most notably those selling insurance—have been able to do so for quite some time. Though not legally able to incorporate, many salespeople assign commissions earned on the sale of securities to unregistered corporations. But this approach, unless properly structured and […]

2 min read