Broker, agent who worked with subsidiary of Home Capital disciplined + MORE May 26th

Nortel Canada’s long-suffering creditors will finally begin to receive their share of more than US$4 billion to be distributed under a plan approved in January, eight years after the former technology titan began bankruptcy proceedings.
Nortel Networks Corp. _ the formerly public multinational company that was headquartered in Canada _ announced Friday that the initial distribution of the money is expected to be made in late June or early July.
The distributions will include US$4.165 billion that Nortel Canada has now received as its share of a negotiated settlement after a years-long battle over a total of US$7.3 billion raised by the sale of the company’s worldwide assets.
Nortel Canada will make its payments in stages to bondholders, suppliers and former employees who filed claims against the Canadian portion of the business, which was at one time among the world’s biggest network suppliers.
The exact timing and amounts of the payments are yet to be determined but Nortel’s court-appointed monitor has said that creditors will get less than half of what they’d claimed…

An Ontario regulator says it has imposed disciplinary actions against a mortgage broker and agent who worked with Home Trust Co., a subsidiary of Home Capital Group, over their handling of mortgages.

Venerable vitamin maker files for IPO less than three years after $300-million sale to private equity firm

Dustin Meredith
AGE: 31
PLACE: Victoria
TFSA TOTAL: $16,000
STRATEGY: Low-cost TD-eSeries funds with bond allocation in line with your age

Me and my TFSA
Dustin Meredith is an administrator at the University of Victoria and is a newcomer to investing. While he’s been contributing to his TFSA savings account for two years now, he only decided on an investment strategy in the last six months. “I really had no idea on what investment returns were available,” says Meredith, 31. “But I feel more comfortable now.”
Meredith he’s been reading up on how to invest his money. Some of the books that helped prepare him to invest his one money include The Wealthy Barber Returns by David Chilton (“It was entertaining and helpful.”) and The value of simple: a practical guide to taking the complexity out of investing by John Robertson. “Before reading these two books I really had no idea what to do with the money I’d saved,” he says.
More of  Me and my TFSA »
But perhaps the two sources that helped Meredith the most were columnist Dan Bortolotti’s Canadian Couch Potato web site as well as Andrew Hallam’s Millionaire Teacher…

Air Canada’s decision to start its own rewards program crushed investors’ confidence in the Aeroplan parent, obliterating 70 per cent of its stock market value