“Prime bank” scams take $40 million from investors
B.C. victims are launching a class-action suit in an effort to recover funds lost in these scams, which are plaguing investors
- By: David Baines
- March 31, 2008 March 31, 2008
- 09:44
B.C. victims are launching a class-action suit in an effort to recover funds lost in these scams, which are plaguing investors
There are also lots of other changes that could help curb the Tax Department’s appetite
The challenge for advisors is to educate investors on how to use the tax-free savings accounts
Some say the crisis will require U.S. government intervention
Securing protection from creditors gives the Crawford committee more time to develop a rescue plan
Money market and long-term funds sell
But the former Montreal advisors intend to file a counterclaim for wrongful dismissal and damage to their reputations
Lawyer Paul Dubé, the just-appointed Taxpayers’ Ombudsman, intends to shine a light on taxpayer complaints
Atlantic-based securities dealer hopes to build a national firm
David Goodman of DundeeWealth is aiming for more of the same: strong growth
GrowthWorks Atlantic Venture Fund is aiming to get a piece of Atlantic Canadians’ annual $1.5 billion in RRSP contributions
Provisional liquidator in charge of affair will also oversee Cayman Islands-based hedge fund involved in the scandal
Introduction of North America’s first carbon tax and cuts to income taxes are the key highlights
The combined entity would provide cost-effective services, and possibly fend off competition from B.C.-based CUs
Interest payments on the province’s loan are the third-largest expenditure on its balance sheet
MasterCards issued by credit unions are barred by U.S. embargo laws
Robert Krembil, co-founder of Trimark Financial Corp., invests in Tye Bousada’s new investment management firm
Regulators require companies to provide a fair valuation of the distressed paper in their yearend financial statements
Insurers and lawyers disagree about the potential fallout from Alberta court decision
frontierAlt is aiming to increase its fund offerings, while other firms explore the option of entering the market
The Quebec regulator could ask for the merger agreement to be reopened for changes, which could spell trouble
But the allure of a less bureaucratic, more entrepreneurial environment is still appealing
Despite the CSA’s introduction of a national disclosure regime after Bre-X, investors find it provides little protection
High employment rates are keeping households afloat, but debt is rising
Unlike other insurers that focus on fixed-income vehicles, Manulife has invested in a variety of asset classes