The news has drawn differing reactions from industry stakeholders
The bank is now one of the largest shareholders after several other funds unloaded the stock
It’s too soon to say whether the pause is anything more than a hiccup in the nascent market
The Toronto-based bank, facing a run on bank deposits, said it will suspend its quarterly dividend, according to a statement released today
Overstated fund values and unusual money flows have raised the regulator’s suspicions
Shares in the company are rising since the announcement and are up 10% already today
The Toronto-based company has also hired RBC Capital Markets and BMO Capital Markets to advise on next steps
Despite efforts to close gaps, lack of clarity persists in robo-advisor regulation
Shares of the Toronto-based company have dropped as much as 14% today, the most since July 2015
Conflicted compensation, title abuse, and the proposed best-interest standard were emphasised