Seafaring Ponzi schemer pleads guilty
Fake advisor admits to fraud, money laundering, witness tampering
- By: James Langton
- May 16, 2025 May 16, 2025
- 15:07
Fake advisor admits to fraud, money laundering, witness tampering
Canadians continued to increase investments in U.S. equities, bonds
Plus, new offerings from Empire Life, Purpose, BMO, Ninepoint; multiple fund changes announced
Budget boosts penalties, SRO powers, short selling rules
Trump’s tariffs fuel concerns about slower growth and higher prices
Economists cut global growth outlook to 2.4% in 2025
Economy contracted 0.7% in Q1 after recording growth of 2.4% in last year's final quarter
Government expected to release fiscal outlook before House rises for the summer
High court declines further review of tribunal's rulings in Amaya Gaming case, putting an end to further appeals
Province boosts spending to counter U.S. trade pressure
Sales slump in metals and energy while furniture sales rise: Statistics Canada
Scheme inflated company's value ahead of a transaction to take it private
Americans’ assessments of their current economic situation tumbled: survey
Alternative Credit Council research points to further growth, diversification in 2025
The agency is forecasting a 0.1% increase for November
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
The pension fund's 50% share of the initial capital commitment is roughly $1.8 billion
Woodgate Financial Inc., Assante Financial Management Ltd., are among Focal's customers
Plus, a new TD partnership, and Toronto fintech becomes dark pool partner
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