Industry

Kingsway Financial Services sells non-standard auto insurance biz

Kingsway Financial Services Inc. has entered into a definitive agreement with Premier Holdings, LLC, to sell its non-standard automobile insurance companies. Under the agreement, the firm will sell Mendota Insurance Company, Mendakota Insurance Company and Mendakota Casualty Company for an aggregate purchase price equal to Mendota’s statutory surplus at June 30, 2018. In a release, […]

By Staff |July 16, 2018

1 min read

Virtual currencies need close monitoring, says financial forum

An international forum on financial regulation say virtual currencies such as bitcoin do not currently pose a threat to global stability but require “vigilant monitoring” as the market is changing rapidly. The Financial Stability Board (FSB) added Monday that the highly volatile currencies raise concerns about consumer and investor protection and that data on banks’ […]

By The Associated Press |July 16, 2018

2 min read

Portfolio manager suspended and fined $90,000

Investment strategy involved high-risk, speculative securities

By Staff |July 16, 2018

2 min read

B.C. advisor to pay $176K settlement for unregistered trading

In a settlement agreement with the British Columbia Securities Commission (BCSC), an investment dealer has admitted to unregistered trading. Thomas Geoffrey Bertram, who was registered as an investment dealer for about 40 years, until Jan. 31, 2017, must pay $176,970.93 to the BCSC as part of the settlement. The amount represents finder’s fees received as […]

By Staff |July 16, 2018

1 min read