All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Lac-Megantic lead locomotive pulled from auction block by cops - Toronto Sun + MORE Jul 23rd
Toronto StarLac-Megantic lead locomotive pulled from auction block by copsToronto SunRelated Stories. MMA railway buyer had train derailment in '09, similar to Lac-Megantic causes · Quebec govt. giving Lac-Megantic $60M · Lac-Magentic, Que., residents want rail line rerouted &midd.... More »
Planning for retirement with little or no savings to draw on Jul 9th
Despite their best intentions some Canadians, facing a variety of financial challenges throughout their working lives, may not be able to save much towards retirement. Yet it’s difficult to know how to manage in those circumstances, as so much of the financial planning advice that’s shared widel.... More »
When it Comes to Details, BlackBerry Isn’t Talking + MORE Dec 19th
BlackBerry Ltd.'s third-quarter results were a mixed bag, but it's what the company didn't say that might overshadow the cheers it may generate from hitting some financial targets earlier than expected..... More »
Trading ETFs Near Dividend Dates + MORE May 10th
In my most recent podcast, I addressed an excellent question from Philip, who asked, “Are there days when ETF investors should avoid trading?” Philip’s question has nothing to do with trying to time the market. He simply wants to know whether there might be days when you should not buy or sell.... More »
Hilton IPO to raise $2.4 billion by yearend + MORE Dec 2nd
By the end of the year, iconic hotel chain Hilton Worldwide will list on the New York Stock Exchange, raising as much as $2.37 billion US..... More »
Quebec’s deficit is wake-up call that PQ needs to confront hard truths
– theglobeandmail.com
Projected $2.5-billion deficit shows it can no longer ignore investment and social issues
As share prices rise, so does the risk of correction
– thestar.com
As U.S. investors pour into the stock market, one analyst is planning for a 20 per cent correction.Canaccord agrees to IIROC penalties of $1.1M over retail account supervision
– canadianbusiness.com
VANCOUVER – The Investment Industry Regulatory Organization of Canada says Canaccord Genuity Corp (TSX:CF) has agreed to fines and other penalties totalling more than $1.1 million related to allegations of inadequate supervision of retail account activity.
The IIROC says Canaccord will pay a fine of $750,000, plus an additional $310,000 for disgorged commissions. It will also contribute $50,000 towards the IIROC’s investigation costs.
The settlement arose from allegations of failing to adequately monitor first-level supervision of such accounts and by failing to have effective second-tier supervision from 2005 through 2010.
The IRROC also alleged that between June 2009 andFebruary 2001 Canaccord refused to adopt procedures to reasonably assure itself that its clients who purchased private placements were “accredited investors.”
The post Canaccord agrees to IIROC penalties of $1.1M over retail account supervision appeared first on Canadian Business.
The IIROC says Canaccord will pay a fine of $750,000, plus an additional $310,000 for disgorged commissions. It will also contribute $50,000 towards the IIROC’s investigation costs.
The settlement arose from allegations of failing to adequately monitor first-level supervision of such accounts and by failing to have effective second-tier supervision from 2005 through 2010.
The IRROC also alleged that between June 2009 andFebruary 2001 Canaccord refused to adopt procedures to reasonably assure itself that its clients who purchased private placements were “accredited investors.”
The post Canaccord agrees to IIROC penalties of $1.1M over retail account supervision appeared first on Canadian Business.
Ontario’s productivity has stalled because of the skills gap and lack of both private and public sector investment, according to a task force that annually assesses the province’s competitiveness.
