Settlements generate US$89 million in restitution
Firm launched the Picton Mahoney Fortified Income Alternative Fund on Tuesday
New offerings are designed to minimize home country bias
Banks reported some improvement in earnings in the first few months of the year, although most other financial services firms reported decreases
The products invest in Franklin Bissett mutual funds
The firm has removed performance fees, changed the risk rating of a fund and the investment strategies of two others
The rules would prevent funds from using derivative transactions to convert ordinary income into capital gains
Proposed rules from Budget 2019 could negatively impact the Canadian ETF market
But sales numbers were still far behind ETFs
Another fund has been terminated