Scotia sanctioned for supervisory snafus after multiple reps fired
The firm will pay nearly $11 million in client compensation after reps boosted their own performance numbers
- By: James Langton
- December 22, 2022 December 22, 2022
- 09:17
The firm will pay nearly $11 million in client compensation after reps boosted their own performance numbers
Criteria need to be strict enough to be credible, without being too tough for fund managers
Many investors under 35 are being drawn to zero-commission online brokerages
Canada's population grew more in nine months than in any previous full year
Data from Morningstar Direct shows that more than 2,000 U.S. mutual funds closed over the past 10 years
Mortgage interest costs up 14.5%
The bank hopes the recent merger of its private wealth firms will allow them to stand out in a crowded marketplace
ETF sales climbed while mutual fund redemptions were steady, IFIC reported
Figures for November indicated weaker spending on goods despite Black Friday sales
Japan had been a holdout among major industrialized nations in allowing yields to rise
Non-banks' share of global assets rose in 2021, led by investment funds
Bank sanctioned over misconduct in auto lending and banking
Mortgage growth slowed but household credit card use is surging
Precious metals action calms, while Dow Jones tops 50K
Report calls for action on data gaps, surveillance, leverage
Trade deficit remains unchanged amid shifting tariff policy, Fitch reports
Trust account used in fraud, misappropriation, Law Society finds
Policy failed to cover hedge fund investment that turned out to be a fraud
Firm allegedly touted stocks on social media, while selling its holdings
The honours will be presented Feb. 12, at the association's Embrace the Challenge event
Start with flexibility, tax efficiency, simplicity
Brokers, MGAs, software providers and TPAs set to evolve
Plus, moves at Our Family Office, Harvest ETFs, Manulife Wealth, Canada Life and more
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, National Bank changes diversified equity fund
Net monthly ETF inflows reach $22B in January: report
Plus, other firms launch new products, tweak their fund lineups