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Top Stories in News

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IAP frustrated with slow pace on improving investor protection

Investor Advisory Panel calls on regulators to adopt a “best interest” standard as soon as possible

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Industry News

SP Wealth selects Nest Wealth digital platform

The robo-advisor platform with allow the firm to substantially reduce the administrative work that doesn’t add value to clients

  • By: IE Staff
  • April 25, 2018 April 25, 2018
  • 11:20
Judge gavel, scales of justice and law books in court
From the Regulators

Ontario woman convicted of fraud

The conviction follows an OSC investigation into he sale of promissory notes offering 15% returns to investors

Old Montreal Port Downtown at night
Products

LionGuard Capital now accepting registered accounts

Montreal-based investment manager launches LionGuard Opportunities Trust Fund

  • By: IE Staff
  • April 25, 2018 April 25, 2018
  • 10:20
Adirondack chairs at shore of Lake of Two Rivers, Ontario
People

Co-operators chief client officer announces retirement

Rick McCombie will retire at the end of the year

  • April 25, 2018 April 25, 2018
  • 10:00
Vancouver skyline with Stanley Park
Industry News

B.C. law targets condo flipping, tax evasion, rental home protection

The government will share the presale data it collects with the Canada Revenue Agency to monitor taxes

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Research and Markets

Pro-Financial and former CEO fined for breaching securities laws

Registrants must not place their self-interest ahead of the interests of investors, OSC panel says

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Research and Markets

TSX, Wall Street slip into the red

Canadian dollar edges higher

From the Regulators

Fundserv proposes rules for new service providers

Proposed rules out for comment until May 22

  • April 24, 2018 April 24, 2018
  • 16:15
From the Regulators

IOSCO seeks comment on proposals to support audit quality

Consultation paper sets out good practices for audit committees

High angle view of mallet eyeglasses legal book in courtroom
From the Regulators

1832 to pay $950,000 settlement

OSC investigation reveals firm violated sales rule by overspending on gifts for reps and conference attendees

Leadership corporate hierarchy recruiter team leader employee selection new job
Industry News

GWL executive named new head of Financial Horizons

Nick Pszeniczny, executive vice president of the Advisory Network, GWL’s, Canada Life’s and London Life’s combined distribution organization, will step into his new role on…

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Industry News

Report outlines FAIR Canada’s achievements

The investor advocacy group is working to ensure that securities regulation protects and meets the needs of all investors

Client loyalty not leading to referrals

Clients say advisors are not engaging in all aspects of their financial lives

Borealis AI expands lab network into Vancouver

Applications of computer vision are new to the financial services industry

  • By: IE Staff
  • April 23, 2018 April 23, 2018
  • 10:31

Great-West Lifeco to expand in Ireland

GWL subsidiary Irish Life to acquire strategic investment in Invesco Ireland

WCM honours 16 corporate leaders

Champions selected for advancing progress in gender diversity

Rory Ronan joins 1832 Asset Management

Ronan will work closely with Don Simpson on several Dynamic and Scotia mutual funds

FINRA names Janney Montgomery Scott CEO to board of directors

Tim Scheve replaces John Thiel who left the board of the U.S. self-regulatory organization earlier this year

Co-operators offers online self-serve term life insurance

Gen X and Y Canadians are looking for an easy online solution

Fewer Canadians have disability insurance

Without the proper financial protection in place, workers are putting themselves and their families at risk

RBC announces changes to ETF risk ratings

Revised ratings for five funds

  • By: IE Staff
  • April 23, 2018 April 23, 2018
  • 10:42

Financial regulators meet in Montreal

The Joint Forum of Financial Market Regulators discussed a variety of high-priority regulatory issues

Basel Committee reports progress on post-crisis reforms

There has been “limited progress” on some Basel III standards that were required to be adopted in 2017

AMF and CDIC agreement designed to bolster oversight of Canada’s big banks

The MoU aims prevent and deal with the potential failure of a domestic systemically important financial institution

Reports criticize Ontario’s public finances

Reducing Ontario’s personal and corporate income tax rates would attract investment and talent

Household debt-to-income ratio should start winding down: central banker Wilkins

The latest figure for the household debt ratio shows Canadians’ burdens have remained in record-breaking territory at 170.4%

TSX closes higher; loonie falls

U.S. markets finished mixed