The increase in revenue was due primarily to the impact of new fee rules, particularly higher participation fees
The first part of what is to be a two-stage review indicates that “[f]inancial [services] institutions are facing an array of new and emerging risks”
Gaudet, whom the OSC had banned permanently in 1991, admitted to trading without registration and issuing securities without a prospectus
But there’s good progress on trade reporting requirements for OTC derivatives, and higher capital requirements for non-centrally cleared derivatives are mostly in force
Mackenzie and Quadrus will not have to deliver the document to clients if they’re in a program that automatically switches them to a lower-fee series
Investor advocates call on IIROC to support CSA proposal
For the average advisor, AUM is up while client numbers were down, which points to rising productivity as measured by AUM/client household. And, on the bottom line, compensation for the average advisor rose
New rule amendments aim to enhance advisor report and disclosure
The report sets out examples of good practice in disclosure, compensation, transaction costs and commissions
A group of minority shareholders believe there are “coercive elements” to the deal, namely that Sirius XM Canada has suspended its dividend and that the firm’s valuation is flawed