Industry News

Decorative pattern

CSA publishes paper on passport system

(May 27, 2005) The Canadian Securities Administrators has published for comment a draft paper on a new principal regulator system. The proposal would allow firms and advisors to trade in securities or deal with clients in more than one Canadian jurisdiction, simply by following the rules of their home, or principal, regulator. But Ontario is […]

By Doug Watt |May 27, 2005

4 min read

Decorative pattern

IDA weighs in on hedge funds, referrals

(May 27, 2005) Investment dealers and their firms are responsible for the suitability of their clients’ investments, even if the product in question is exempt from regulatory oversight, according to an IDA report entitled Regulatory Analysis of Hedge Funds. “The complexities of many hedge fund products make assessment of their suitability difficult,” the report says. […]

By Steven Lamb and Scot Blythe |May 27, 2005

5 min read

Decorative pattern

OSC to issue trade through release

(May 26, 2005) A concept paper on trade throughs will be issued by the Ontario Securities Commission (OSC) sometime this summer, assistant manager for market regulation Susan Greenglass told a recent compliance conference in Toronto. Release is tentatively set for late June or early July. She indicated the OSC is looking at the new National […]

By Philip Porado |May 26, 2005

3 min read

Decorative pattern

Investor advocate loses fight with IDA

(May 26, 2005) Former broker Robert Kyle has lost a long-running court battle against the IDA. In a decision released on Wednesday, the Ontario Superior Court of Justice dismissed all aspects of Kyle’s case, which essentially boiled down to the regulatory powers of the brokerage industry association. The case dates back to 1998, when Kyle […]

By Doug Watt |May 26, 2005

2 min read

Decorative pattern

Alberta takes on the big banks

(May 25, 2005) The Alberta Insurance Council is prepared to go to the country’s highest court to defend its position that anyone selling insurance products should be licensed by the province. The case involves group insurance and dates back to 2001, when Alberta’s Insurance Act was re-written to amend the definition of an insurance agent […]

By Doug Watt |May 25, 2005

2 min read

Decorative pattern

Briefly:

(May 27, 2005) The U.S. Federal Reserve will likely raise its key overnight lending rate by another 25 basis points next month to 3.25%, says Scotia Economics. But after that, interest rates will likely remain on hold amid slower economic growth and higher inflation. “Core inflation should edge a bit higher from current levels,” says […]

By Staff |May 24, 2005

9 min read

Decorative pattern

OECD cuts economic growth outlook

(May 24, 2005) Economic growth among the world’s major industrialized countries will slow through the rest of this year, according to the Organization for Economic Co-operation and Development (OECD), which has cut its projections for global growth from 2.9% to 2.6%. The group predicts Canadian growth of 2.8% for 2005, rising to 3.1% in 2006. […]

By Steven Lamb |May 24, 2005

3 min read

Decorative pattern

Communication lessons from the employee benefits sector

(May 24, 2005) A new drug company survey reveals a number of interesting attitudes and opinions Canadians have about their public and private healthcare plans. The report will likely be most interesting to plan administrators who are trying to strike a fine balance of costs and coverage, but advisors could also benefit from some of […]

By Kate McCaffery |May 24, 2005

3 min read

Decorative pattern

MFDA progressing on member reviews

(May 24, 2005) We’re just making the rounds. So says MFDA vice president for compliance Karen McGuiness regarding her association’s promise to regulators that all member firms will be reviewed by December, 2005. “Some branches are worried we’re out on a witch hunt,” she says. “We’re not. If we find something that warrants referral to […]

By Philip Porado |May 24, 2005

4 min read

Decorative pattern

Advice for clients’ vacation dollars

(May 20, 2005) With the first summer holiday weekend upon us, many clients will be thinking about how to spend their vacation dollars. Travelling and buying vacation properties are two popular considerations that come up with the temperature. In both cases, there is a list of unique details to think about that will affect the […]

By Kate McCaffery |May 20, 2005

4 min read

← Previous 1 … 2,042 2,043 2,044 2,045 2,046 … 2,188 Next →