Changes offer incentives to market makers
NYSE Regulation today announced disciplinary actions against a trio of high-profile Wall Street firms for a variety of rule violations.The exchange sanctioned Merrill Lynch, Pierce, Fenner & Smith, Inc. for failing, on approximately 1,000 occasions, to prevent a former trader from making post-execution account designation changes in customer accounts without prior supervisory review and written […]
Jovian Capital Corp. reports it has completed the acquisition of an approximately 6% additional interest in BetaPro Management Inc. for a purchase price of $2,089,520. This transaction increases Jovian’s interest in BetaPro to 45%.In addition, further to the announcement of April 1, Jovian says that the transaction to acquire an approximately 15% further interest in […]
A British Columbia Securities Commission panel has banned three individuals from the province’s capital markets who violated securities laws when they illegally distributed the shares of a mining company to Alberta residents.The orders against Tolan Shigeo Furusho, Beverly Kamerling and Tracy Lee Kroeker rely on Alberta Securities Commission (ASC) findings, and orders the ASC issued […]
Hartford Investments, the Canadian mutual fund arm of U.S. based The Hartford Financial Services Group, Inc. has surpassed $1 billion in assets under management as of April 1.The company weighed in with strong positive sales of $64 million during the 2008 RRSP season, amid volatile markets.“We’ve been steadily building the structure needed to reach this […]
Surviscor releases 2008 Winter analysis
Sentiment for gold weakens
Auto-related purchases show strongest growth
McMeans to oversee sales activity in Ontario, Quebec and the Atlantic provinces
MFC Global team to assume responsibilities for four funds