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Do you need that bank mutual fund? Maybe not + MORE Jul 10th
A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.
The survey of close to 3,000 dealers by the Ontario Securities Commission and the Canadian Investment Regulatory Organization found that 25% say.... More »
Should you transfer your DC pension plan to a discount brokerage? May 8th
Ask MoneySense
I have been with the same employer for nearly 20 years and have participated in the company’s DC RPP for nearly that whole time.
A few years back I consolidated the majority of my different investment accounts—RRSP, TFSA and unregistered—by moving them all to a discount.... More »
4000 people in B.C. getting COVID-19 vaccine by end of next week, premier says - CTV News Vancouver Dec 8th
4000 people in B.C. getting COVID-19 vaccine by end of next week, premier says CTV News VancouverYou can apply for the B.C. Recovery Benefit — worth up to $1,000 — starting Dec. 18, government says CBC.caDetails released on how to apply for B.C.’s COVID-19 recovery benefi.... More »
Canada’s not alone in grappling with real estate boom, figures show + MORE Aug 20th
Countries around the world are scrambling to slow their housing markets, introducing regulations that require borrowers to have minimum down payments or rules that limit the amount of debt home buyers can take on relative to their incomes
.... More »
Kinder Morgan hires TD to sell Canadian business, say sources + MORE Sep 14th
Kinder Morgan Inc. has hired investment bank TD Securities to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as $2.4 billion, people familiar with the situation told Reuters this week..... More »
Alibaba says US regulators seeking information on its fight with China over fake goods
– canadianbusiness.com
WASHINGTON – E-commerce giant Alibaba said Friday that U.S. regulators have requested information on Chinese authorities’ allegations that the company has failed to do enough to prevent fake goods from being sold on its websites.
Alibaba said it is co-operating with the request from the U.S. Securities and Exchange Commission. The company, which raised a record $25 billion last year in its initial sale of stock in the U.S., said the SEC is seeking information related to its interactions with Chinese regulators.
China-based Alibaba Group Holding Ltd. disputed the allegations, firing back at the Chinese regulators with charges of bias and misconduct. But the company quickly settled the public dispute with the government, promising to do more to fight online sales of counterfeit goods.
The SEC’s letter states that its inquiries should not be seen as indicating Alibaba has violated any U.S. securities law, the company said.
SEC spokesman John Nester declined to comment.
Alibaba also said it wasn’t legally obligated to disclose the SEC inquiry but chose to do so “because we value being open with our investors and feel that disclosure could help avoid false rumours or speculation…
Alibaba said it is co-operating with the request from the U.S. Securities and Exchange Commission. The company, which raised a record $25 billion last year in its initial sale of stock in the U.S., said the SEC is seeking information related to its interactions with Chinese regulators.
China-based Alibaba Group Holding Ltd. disputed the allegations, firing back at the Chinese regulators with charges of bias and misconduct. But the company quickly settled the public dispute with the government, promising to do more to fight online sales of counterfeit goods.
The SEC’s letter states that its inquiries should not be seen as indicating Alibaba has violated any U.S. securities law, the company said.
SEC spokesman John Nester declined to comment.
Alibaba also said it wasn’t legally obligated to disclose the SEC inquiry but chose to do so “because we value being open with our investors and feel that disclosure could help avoid false rumours or speculation…
Unregistered mutual fund company, owner face penalties of $3.4M
– canadianbusiness.com
TORONTO – Securities regulators have slapped and Ontario man and a mutual fund company he controlled with fines and other penalties totalling some $3.4 million.
Roy Brown, also know as Roy Brown-Rodrigues and the Juniper Fund Management Corp. were found by a hearing of the Ontario Securities Commission to have engaged in improper activities that “caused significant losses” to unitholders of its funds, according to a statement issued by the commission on Friday.
Among other things, the OSC found that JFM acted as a mutual fund dealer without being registered, failed to maintain proper records and failed to provide full and true disclosure about its investment funds.
The Juniper Equity Growth Fund was found to have provided prohibited loans, including more than $1.2 million that Brown borrowed and applied against the mortgage on his home, and held prohibited investments contrary to law.
Brown, as an officer and director of JFM, was found to have “authorized, permitted and acquiesced” in the various breaches…
Roy Brown, also know as Roy Brown-Rodrigues and the Juniper Fund Management Corp. were found by a hearing of the Ontario Securities Commission to have engaged in improper activities that “caused significant losses” to unitholders of its funds, according to a statement issued by the commission on Friday.
Among other things, the OSC found that JFM acted as a mutual fund dealer without being registered, failed to maintain proper records and failed to provide full and true disclosure about its investment funds.
The Juniper Equity Growth Fund was found to have provided prohibited loans, including more than $1.2 million that Brown borrowed and applied against the mortgage on his home, and held prohibited investments contrary to law.
Brown, as an officer and director of JFM, was found to have “authorized, permitted and acquiesced” in the various breaches…
From one industry that’s flying high because of the lower loonie, to a Canadian icon going through some turbulence, it was a busy week in financial news. The CBC’s Jacqueline Hansen gets you caught up in our weekly video recap.
Couple planning for children advised to sell rental property
– theglobeandmail.com
Debt-laden Robert and Bonnie, both 28, need a financial strategy that sets them on the right course, short and long term
One of Canada’s largest owners of chain restaurants plans to go public and sell shares on the Toronto Stock Exchange.
