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Wealthsimple-X deal sparks investor risk concerns + MORE Apr 20th
A new partnership Wealthsimple has struck with social media platform X could greatly expand the finance company’s reach—but some critics are raising concerns about the risks for investors.
Through the partnership launched this week, Wealthsimple customers who have its app on their p.... More »
TFSA contribution room calculator + MORE Apr 8th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like e.... More »
‘I Was Worried About How I’d Connect With My Coworkers’: Young Employees Are Struggling to Adapt to the Office Jul 19th
When Lizzie*, a computer sciences student at the University of Waterloo, started her co-op placement at a financial institution in September 2022, she fretted over going into the office; it was her first time in the professional setting—ever. Her first few years of university were online due to th.... More »
The 16 best credit cards in Canada for August 2023 + MORE Aug 15th
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The 16 best credit cards in Canada for August 2023
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All of Canada would pay the price if Toronto’s real estate bubble burst Apr 8th
Real estate figures in the country’s largest city are at red-hot levels, and the rest of Canada will ultimately have to pay for it
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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.
