Trading scams target pandemic’s economic casualties, CFTC warns
Frauds are now targeting newly desperate workers
- By: James Langton
- April 6, 2020 April 6, 2020
- 15:18
Frauds are now targeting newly desperate workers
A Bank of Canada survey found workers were optimistic about their prospects before Covid-19 struck
Many worry they won't qualify based on the current criteria
Mutual fund redemptions totalled $2.8 billion
Insolvencies also rose year over year
Stephen Boland has over 20 years of industry experience
Canada's biggest banks have also lowered their prime lending rates for Canadians struggling due to Covid-19
The tipster spotted misconduct that led to enforcement action
Deal for U.S.-based electronic trading firm closes despite disruption
Extension provides flexibility for filing other U.S. tax information forms
The TSX closed down 159.54 points on Friday
Regulators stress the need for high-quality reporting in times of turmoil
'Hot print' from Micron Technologies boosted enthusiasm for tech stocks, says portfolio manager
Central bank sees slowdown in wage gains from collective agreements
Rise in benchmark short-term rate to 0.75% is aimed at curbing inflation
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Execs that previously pleaded guilty in fraud case accept regulatory sanctions
High-profile firms and their clients were targeted in 2025
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Provincial regulator can halt trading when misinformation circulates
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record