The country’s current securities laws, which were passed before the advent of robo-advisors, require that only a “natural person” can give advice
Total industry net sales were $26 billion for the five months ended May 31 compared with $15.1 billion in the same period last year
Draft guidance aims to help firms use clawbacks and other tools to deter misconduct in the financial industry
The former head of global policy and strategy at Barclays PLC will be responsible for the organization’s day-to-day management
Despite the overall decline in M&A activity, the consolidation trend remains strong in insurance, which accounted for 43% of M&A deals in the sector
Various jurisdictions are undertaking reforms
The draft regulations published on Friday are in line with Ottawa’s consultation paper from August 2014 and consistent with expectations
The IAP’s seven new members are Neil Gross, Malcolm Heins, Paul Bates, Jacqueline Allen, Larry Bates, Patti Best and Harvey Naglie
Thanks to new evidence, Ravindra Kumar Suppal’s fine was reduced to $50,000 from $150,000 and his suspension was reversed
Applications are due by June 30