Ban could transfer between provinces
A recent OSC move is sending a strong message that wrongdoings committed in other provinces will likely block those players from doing business in Ontario.
Call grows for ‘one’ fiduciary standard
Regulators in the U.S. need to get on with the task of standardizing fiduciary standard, said SEC Chair Mary Jo White Monday – provoking a call for something similar in Canada.
Top athlete sues bank’s wealth management arm for $20m
It’s a Schadenfreude moment for independent advisors, with one of sports' biggest stars alleging a bank aided and abetted a fraud scheme costing him tens of millions of dollars.
Title sponsor for WP Awards announced
Hot off last week’s big reveal of three new sponsors for the inaugural Wealth Professional Awards, WP’s very excited about the long-term relationship it’s formed with one of Canada’s best asset managers.
Name and shame: a poor solution?
Both the IAP and IIAC agree the controversial practice has to go, but ‘name and shame’ may be the only recourse available to aggrieved clients hurt by banks and investments firms, say advisors.
New alternative to banning embedded commission
It’s an odd position for a staunch fee-based advisor to take, but one player is arguing against the need for a ban on embedded commissions – that’s if regulators make a key change.
Advisors come clean on compensation
The latest WP poll results suggest advisors aren’t “gouging” clients nearly as much as some investor advocates want consumers to believe.
Been there, done that: an advisor’s timeline for moving clients to fees
Veteran advisor discusses his arduous journey from one compensation model to another. Those making the move might want to read this.
Top litigator to judge WP Awards
As one of Canada’s leading litigation lawyers, Ellen Bessner is used to being judged, but now the shoe will be on the other foot.
OSC hands down 10-year trading ban, with an exception
An engineer from Mississauga nailed for insider trading reached a settlement with the OSC Tuesday, agreeing to give up about half his trading profits and a 10-year ban.