The Portfolio Management Association of Canada announced on Wednesday that David Baines, a business columnist with the Vancouver Sun, has been awarded the inaugural PMAC Award for Excellence in Investment Journalism.
Baines earned the award for his column “Securities regulation is based on presumptions, misconceptions and often outright myth,” which appeared in the Vancouver Sun on May 18, 2011. The top prize of $10,000 will be presented to Baines at an industry event in Toronto on April 30th.
“We are thrilled to recognize David Baines as a gifted Canadian investigative journalist whose proactive reporting has increased investor awareness of potential illegal or unethical investment offerings and whose writings have prompted policy and rule changes to increase investor protection,” said PMAC president Katie Walmsley.
PMAC will also formally recognize two other submissions for honourable mentions at the April 30th industry event.
The first is “A perfect fit,” an article by David Aston which appeared in the April 2011 issue of MoneySense Magazine, about choosing between a financial advisor, broker or investment counselor.
The second is “Get more out of your TFSA”, written by MoneySense Magazine‘s Julie Cazzin and featured in the November 2011 issue of the magazine.
“These talented business journalists play a critical role in fostering a better understanding of the investment industry, its products and services,” said Walmsley.