Industry

IIROC fines, bans former trader for trading while suspended

An IIROC hearing panel has fined and banned a former trader for entering orders on IIROC-regulated marketplaces while his access to those markets was suspended. Robert Edward Sole worked for the Toronto branch of W.D. Latimer Co. Limited, an IIROC-regulated firm, an IIROC release said. He was fined $80,000. In 2016, Sole admitted to placing […]

By Staff |June 26, 2018

1 min read

Fund news from Vanguard, RBC

Vanguard Investments Canada Inc. has introduced its first suite of actively managed mutual funds in Canada, which are globally diversified and low cost. The mutual funds feature global investment strategies and complement the firm’s lineup of 36 ETFs. The maximum management fee for each mutual fund will be 0.50%, and the fee will vary up […]

By Staff |June 25, 2018

2 min read

Mackenzie Investments to merge funds

Mackenzie Investments announced that the following fund mergers were approved by investors on June 22 and will be implemented on or about July 6. Existing fund (terminating fund) Mackenzie Canadian Money Market Fund Mackenzie Ivy International Equity Fund Mackenzie Ivy International Fund Mackenzie US Low Volatility Fund Mackenzie High Diversification US Equity Fund Mackenzie Global […]

By Staff |June 25, 2018

1 min read

IIROC’s 2019 priorities include seniors, innovation

IIROC dealers could soon have authority to better protect vulnerable senior clients. That’s because in fiscal 2019 (April 2018 to March 2019), IIROC plans to propose a safe-harbour rule, giving dealers the ability to place temporary holds on clients’ accounts where financial exploitation or diminished capacity is suspected. The plan is part of the SRO’s […]

By Staff |June 25, 2018

3 min read