Oil prices drop ahead of U.S. inventory report
The Securities Industry and Financial Markets Association’s Economic Advisory Roundtable predicts that the pace of U.S. economic growth will accelerate through the balance of this year and into 2008.The median forecast anticipates below-trend GDP growth of 2.2% in 2007, increasing to 2.8% in 2008 as the economy works through the housing sector correction. Additionally, the […]
U.S. markets slip on rising bond yields
AFS advisors to gain access to Peak’s back, front office services
Single regulator would lower regulatory burden in capital markets, and improve competitiveness
GLG Partners LP, a hedge fund firm that announced plans to go public yesterday, today agreed to settle with the U.S. Securities and Exchange Commission.The SEC announced settled enforcement actions against London-based hedge fund adviser GLG Partners for illegal short selling in connection with 14 public offerings. It alleged that during a two-year period, GLG […]
Jovian Capital Corp. announced that, effective today, Donald Penny, chairman of Jovian’s audit and risk management committee, has been appointed as interim chairman of the board until a successor is appointed. Penny replaces Thomas Rice as chairman of the board of Jovian. Rice will continue to serve as a director of Jovian.Rice was the founder […]
Raymond James Streamline forges alliance with HighView Financial
Jovian Capital Corp. today reported lower earnings for the fourth quarter and year ended March 31.Jovian reported earnings for the year of $2 million after incurring a fourth quarter net loss of $0.3 million. This compares to net earnings of $5.4 million and $5.3 million for the corresponding periods ended Mar. 31, 2006.Revenue for the […]
Bank of Nova Scotia today announced the signing of a definitive agreement to acquire TradeFreedom Securities Inc., a privately owned and dynamic Canadian online brokerage boutique.The transaction complements product offerings currently available through the bank’s direct investment arm, ScotiaMcLeod Direct Investing. Terms of the transaction were not disclosed, and are subject to regulatory approval.“This transaction […]