David Wilson says he intends to protect investors and restore trust in the Canadian marketplace, stressing the need for stronger regulation through a common securities regulator. In his first speech as OSC chair, at the annual Dialogue with the OSC in Toronto, Wilson said a common securities regulator in Canada would “improve both the efficiency […]
Three weeks after the MFDA board voted not to accept an invitation to merge with the IDA, a letter has been released to members explaining the MFDA’s controversial decision. On Friday, the MFDA sent out a three-page letter to its members laying out nine reasons for rejecting the overture from the IDA (although it added […]
Boaz Manor, the co-founder of Portus Alternative Asset Management, was to make his first court appearance Tuesday, but instead, he was represented by well-known lawyer Brian Greenspan in a Toronto courtroom. Greenspan, of the Toronto-based firm Greenspan, Humphrey, Levine, is representing Manor in the quasi-criminal proceedings involving a section of Ontario’s Provincial Offences Act. Manor […]
The Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations’ (CISRO) Industry Practice Review Committee have released a summary of responses to a much debated consultation paper published this summer, and the results embody the frustration the industry has with the review. An overwhelming number of industry stakeholders questioned the need […]
No one has ever accused GICs of being exciting, but BMO Financial Group says they might be the perfect investment vehicle to sex up a conservative portfolio. Investors have included GICs as part of conservative portfolios for years, but BMO wanted to quantify the values of GICs to see if added any value. And according […]
Between the floods, hurricanes, earthquakes and tsunamis in the past year, some might be wondering if they have anything left to give to help these communities rebuild. But a newly released paper by TD Bank Financial Group suggests Canadians can be even more charitable, and advisors should be there to help. “Many of the messages […]
(October 17, 2005) Advisors have embraced a culture of continuing education and not just because they have to, according to a new poll by Credo Consulting. But with the IDA’s three-year cycle, in which advisors must complete a set number of continuing education (CE) credit hours, little more than 10 weeks away, a number of […]
(October 14, 2005) Standard & Poor’s issued two key decisions on income trust this week. First, the ratings agency said it would go ahead as planned and add trusts to the TSX starting in December. A day later, S&P decided not to alter its stability ratings on trusts — at least not yet. Both were […]
(October 3, 2005) As Ottawa looks for ways to reduce tax leakage on the income trust front, just a few blocks from Parliament Hill an intimate meeting of some 170 Registered Financial Planners were plotting ways to manipulate the current tax rules to ensure their clients pay the smallest tax bill. Financial planners and the […]
(September 30, 2005) The incoming president of the 500-member Institute of Advanced Financial Planners (IAFP) admits their numbers are not growing quickly. And that’s just the way he wants it. “Unlike other organizations, our raison d’être is not to be the biggest,” said Larry Jacobson at the IAFP’s annual symposium in Ottawa. “In fact we […]