Quebec, Alberta advisors would welcome national regulator
Although the Quebec and Alberta governments remain the biggest hurdles to a national securities regulator, advisors in the two provinces see advantages.
TD Bank pays $52m over US Ponzi scheme
TD Bank will pay $52.5 million to settle US regulators' allegations that it failed to report suspicious activity in bank accounts tied to a $1.2 billion Ponzi scheme and lied to the investors.
Ontario AG recovers $17m for Ponzi scheme victims
Ontario’s attorney general is trumpeting the recovery of $17m for victims of a Ponzi scheme as the largest ever recovery under the province’s civil forfeiture law.
Conrad Black co-defendent settles with OSC
A former Hollinger executive has reached a settlement agreement with the OSC
Can algorithms replace advisors?
Canadians are most likely to make portfolio decisions based on in-person tips by financial experts, a survey reveals, but major banks are betting that some customers may be better served by algorithm-based virtual advisors.
VCMA bashes industry and regulators
The Venture Capital Markets Association has unleashed a broadside at current regulators and industry groups, particularly IIROC, while coming out in strong support of the proposed national regulator.
New Wealth Professional magazine launches this October
A new magazine will arrive on the Canadian wealth management landscape next month, bringing a new and fresh voice and a heightened sense of focus on the needs and desires of advisors.
With great sophistication comes great responsibility - OSC
Handing down a $200k charge to a seasoned investor and chairman of a major public company, the OSC said the more sophisticated a market participant is, the more responsibility they must bear.
Major global bank considers sale of Canada wealth unit
Another global major has reportedly been seeking to exit the Canadian wealth management business – following the route of the UK’s HSBC and Australia’s Macquarie. Why is Canada such hostile territory for foreign players?
Grand Theft...Stock market?
Video games have gone from the world of fantasy forests and shoot 'em ups, and are starting to delve into the world of financial services.