Industry

Dealer refuses to compensate clients for risky investment

The Ombudsman for Banking Services and Investments (OBSI) has announced the refusal of W.H. Stuart & Associates to compensate its customers in the amount of $41,066 as recommended by OBSI. W.H. Stuart is a family-owned independent mutual fund dealer and insurance agency based in Markham, Ontario. A retired elderly couple, Mr. and Mrs. I, brought […]

By Staff |November 22, 2012

2 min read

OSC issues guide for emerging markets

The Ontario Securities Commission has published an Issuer Guide (Staff Notice 51-720), which outlines eight key areas that should be considered by companies operating in emerging markets. It sets out staff’s expectations for the directors and management of issuers operating in emerging markets. The guide also highlights several areas of risk that may warrant further […]

By Staff |November 22, 2012

1 min read

Higher inflation is coming: Poll

Investors are bullish on equities, despite concerns including growing inflation, finds a survey of Portfolio Management Association of Canada (PMAC). In fact, CEOs of Canadian investment companies believe inflation will rise in the next 10 years to 2.8%, or almost 1% higher than the actual rate for the last decade. That would offset bond returns, […]

By Staff |November 22, 2012

1 min read

SEC charges fake advisor with fraud

The SEC has charged an alleged investment adviser in New York for defrauding investors by convincing them to invest in his start-up businesses.

By Staff |November 22, 2012

2 min read